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

A First Course in Probability (10th Edition)
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Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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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.)
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
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
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