The probability that the country is in the south Asia region is 8.04%.
Given that Shreya categorized countries by their region and by average business startup costs, as a percentage of the per capita gross national income (GNI) for a certain year, and she established that 7 of the 87 high-cost countries belong to the region of South Asia, to find the probability that the country is in the south Asia region, given that Shreya categorized the country's business startup costs as high, the following calculation must be performed:
- 87 = 100
- 7 = X
- 7 x 100/87 = X
- 700/87 = X
- 8.04 = X
Therefore, the probability that the country is in the south Asia region is 8.04%.
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