Homework Help is Here – Start Your Trial Now!
Math
Statistics
Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the probability that the company uses training? • Suppose it is determined that the selected company is not a small company. What is the revised probability that the company uses training? What proportion of all companies is not small?

Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the probability that the company uses training? • Suppose it is determined that the selected company is not a small company. What is the revised probability that the company uses training? What proportion of all companies is not small?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question

Note: Make a tree diagram for the following question

Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the probability that the company uses training? • Suppose it is determined that the selected company is not a small company. • What is the revised probability that the company uses training? What proportion of all companies is not small?
Transcribed Image Text:Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the probability that the company uses training? • Suppose it is determined that the selected company is not a small company. • What is the revised probability that the company uses training? What proportion of all companies is not small?
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS