Q19. Labor trends were recently studied using a survey of respondents who were either unemployed (A) or employed (B). The survey results revealed that among those surveyed, 70% of those currently unemployed gain employment within the following month, and 30% remain unemployed. Meanwhile, 80% of those currently employed maintain employment through the following month, and 20% become unemployed. Suppose 75% of the population is currently employed. 0.7 0.3 A 0.2 B 0.8
Q19. Labor trends were recently studied using a survey of respondents who were either unemployed (A) or employed (B). The survey results revealed that among those surveyed, 70% of those currently unemployed gain employment within the following month, and 30% remain unemployed. Meanwhile, 80% of those currently employed maintain employment through the following month, and 20% become unemployed. Suppose 75% of the population is currently employed. 0.7 0.3 A 0.2 B 0.8
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter23: Basic Calculations Of Percentages, Percents, And Rates
Section: Chapter Questions
Problem 74A
Related questions
Question
![Using the probabilities and states given, what percentage of the population will likely
be employed two months from now? (Enter numerical value only. Do not enter %
sign. Round the percentage to 1 decimal place, or to the nearest tenth of a percent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc6fbff9-4759-45b9-9f61-27046377aa96%2F7698a1a3-d7fe-4328-aa87-fa65f65d2cd9%2Fcp2w3z4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the probabilities and states given, what percentage of the population will likely
be employed two months from now? (Enter numerical value only. Do not enter %
sign. Round the percentage to 1 decimal place, or to the nearest tenth of a percent.)
![Q19. Labor trends were recently studied using a survey of respondents who were
either unemployed (A) or employed (B). The survey results revealed that among those
surveyed, 70% of those currently unemployed gain employment within the following
month, and 30% remain unemployed. Meanwhile, 80% of those currently employed
maintain employment through the following month, and 20% become unemployed.
Suppose 75% of the population is currently employed.
0.7
0.3
A
0.2
B
0.8](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc6fbff9-4759-45b9-9f61-27046377aa96%2F7698a1a3-d7fe-4328-aa87-fa65f65d2cd9%2F5huocfj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q19. Labor trends were recently studied using a survey of respondents who were
either unemployed (A) or employed (B). The survey results revealed that among those
surveyed, 70% of those currently unemployed gain employment within the following
month, and 30% remain unemployed. Meanwhile, 80% of those currently employed
maintain employment through the following month, and 20% become unemployed.
Suppose 75% of the population is currently employed.
0.7
0.3
A
0.2
B
0.8
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![College Algebra (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305652231/9781305652231_smallCoverImage.gif)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Mathematics For Machine Technology](https://www.bartleby.com/isbn_cover_images/9781337798310/9781337798310_smallCoverImage.jpg)
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
![College Algebra (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305652231/9781305652231_smallCoverImage.gif)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Elementary Algebra](https://www.bartleby.com/isbn_cover_images/9780998625713/9780998625713_smallCoverImage.jpg)
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
![Algebra: Structure And Method, Book 1](https://www.bartleby.com/isbn_cover_images/9780395977224/9780395977224_smallCoverImage.gif)
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell