Probability of finding qualified workers

Assignment Help Basic Statistics
Reference no: EM131670654

Question: Arthur Andersen Enterprise Group/National Small Business United, Washington, conducted a national survey of small-business owners to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the smallbusiness owners, was the economy. A close second was finding qualified workers (37%). Suppose 15% of the small-business owners selected both the economy and finding qualified workers as challenges for growth. A small-business owner is randomly selected.

a. What is the probability that the owner believes the economy is a challenge for growth if the owner believes that finding qualified workers is a challenge for growth?

b. What is the probability that the owner believes that finding qualified workers is a challenge for growth if the owner believes that the economy is a challenge for growth?

c. Given that the owner does not select the economy as a challenge for growth, what is the probability that the owner believes that finding qualified workers is a challenge for growth?

d. What is the probability that the owner believes neither that the economy is a challenge for growth nor that finding qualified workers is a challenge for growth?

Reference no: EM131670654

Questions Cloud

Displays the humorous aspects : How does Matt Stuart utilize his talent to entertain the viewers with his camera, and displays the humorous aspects of our daily life through his photos?
What are the elements of the tort of negligence : What are the elements of the tort of negligence? What are the elements of adverse possession? What five protections are contained in the first amendment?
Drastic change of leading heros : How has there been a drastic change of leading heros being male or female throughout the years in specifically movies?
Discuss about the communicative ethnographic tools : In this context the end means the purpose or reason for the speech event it also refers to the individual's goals for the speech event.
Probability of finding qualified workers : What is the probability that the owner believes that finding qualified workers is a challenge for growth if the owner believes that the economy is a challenge.
Logical hypothesized sequence or progression : Considering the steps below, which of the answer choices is the logical hypothesized sequence or progression for the origin of life on Earth?
Derive and graph the indifference function : Derive and graph the indifference function associated with the bundle X = 2 and Y = 4 and calculate the margin of substitution
Explain a strategy to mitigate each of the given threats : An explanation of a threat to internal validity and threat to external validity in quantitative research. Explain a strategy to mitigate each of these threats.
Parasympathetic system and sympathetic system : What is the difference between parasympathetic system and sympathetic system?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Just recently a study was conducted by atlas research to

just recently a study was conducted by atlas research to determine if there was a difference in humor content in coal

  There is a 90 chance that the number of meals served in a

the number of meals served in a week at caths cafeacute is normally distributed with a mean of 6000 and a standard

  Cholesterol level higher for the heart attack patients

For the 30 other hospital patients who did not have a heart attack, the mean cholesterol level was 193.1 with a standard deviation of 22.3. At the 0.05 significance level, is the cholesterol level higher for the heart attack patients?

  Test hypothesis that probability of making money is same

Test the hypothesis that the probability of making money is the same for both training programs, using a Type I error probability of .05.

  What is the probability of three goods and two bads

Suppose we have ten independent trials with three outcomes called good, bad, and indifferent, with probabilities p, q, and r, respectively.

  Probability based on two independent events

A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that:

  Calculate the monthly payment john will need

Calculate the monthly payment John will need to meet under current conditions. Assess the effect on John's monthly payments for each quarter percentage point increase in the BoE rate, up to 4%.

  Find the probability that the first ball drawn is red

Find the probability that the first ball drawn is red and the second ball drawn is green. Place your answer, rounded to 4 decimal places, in the blank.

  What is probability that a randomly chosen bill is from east

If a bill is chosen at random, what is the probability that it is from the Midwest?- What is the probability that a randomly chosen bill is from the East?

  How extending results inappropriately may be a problem

In a sample of 500 college students aged 18 to 21, it was found that offering discount coupons for restaurant meals substantially increased the likelihood that the students would eat at those restaurants. Explain how "extending results inappropria..

  In an integrative research review of an intervention s

in an integrative research review of an intervention s effectiveness which statement is true of an inclusion statement

  Test the vice presidents hypothesis

Assume normally distributed populations of occupancy rates with equal population variances. Test the vice president's hypothesis.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd