Q19. Labor trends were recently studied using a survey of respondents who wereeither unemployed (A) or employed (B). The survey results revealed that among thosesurveyed, 70% of those currently unemployed gain employment within the followingmonth, and 30% remain unemployed. Meanwhile, 80% of those currently employedmaintain employment through the following month, and 20% become unemployed.Suppose 70% of the population is currently employed.0.3A0.70.2OB0.8Using the probabilities and states given, what percentage of the population will likelybe 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.)

Answered: Image /qna-images/answer/87993735-dcad-4333-aa7c-aa5a0b51bfae.jpg

Answered: Q19. Labor trends were recently studied…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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