Using the table containing the breakdown of all employees on nonfarm payrolls in the United States during March 2014, find the probability that a randomly selected U.S. worker was not in either Goods-ProducingGoods-Producing or Professional & Business ServicesProfessional & Business Services.Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth. Employees on Nonfarm Payrolls (in Thousands), March 2014 Area of EmploymentNumber of Employees (in Thousands)Private sectorGoods-Producing18,558.218,558.2Wholesale Trade5803.75803.7Retail Trade15,004.015,004.0Transportation and Warehousing4524.84524.8Utilities550.3550.3Information2653.02653.0Financial Activities7870.07870.0Professional and Business Services18,832.018,832.0Education and Health Services21,481.021,481.0Leisure and Hospitality14,143.014,143.0Other Private Service-Providing Services5464.05464.0Public sectorFederal Government2705.02705.0State Government5217.05217.0Local Government14,341.014,341.0 Total Nonfarm Employees137,147.0137,147.0 Source: Bureau of Labor Statistics. “Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail.” Accessed June 2014.http://www.bls.gov/news.release/empsit.t17.htm

Payroll refers to the form of a defined having the details of the employees of a company who are…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Using the table containing the breakdown of all employees on nonfarm payrolls in the United States during March 2014, find the probability that a randomly selected U.S. worker was not in either Goods-ProducingGoods-Producing or Professional & Business ServicesProfessional & Business Services.

Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.

Employees on Nonfarm Payrolls (in Thousands), March 2014

	Area of Employment	Number of Employees (in Thousands)
Private sector	Goods-Producing	18,558.218,558.2
Wholesale Trade	5803.75803.7
Retail Trade	15,004.015,004.0
Transportation and Warehousing	4524.84524.8
Utilities	550.3550.3
Information	2653.02653.0
Financial Activities	7870.07870.0
Professional and Business Services	18,832.018,832.0
Education and Health Services	21,481.021,481.0
Leisure and Hospitality	14,143.014,143.0
Other Private Service-Providing Services	5464.05464.0
Public sector	Federal Government	2705.02705.0
State Government	5217.05217.0
Local Government	14,341.014,341.0
	Total Nonfarm Employees	137,147.0137,147.0
	Source: Bureau of Labor Statistics. “Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail.” Accessed June 2014. http://www.bls.gov/news.release/empsit.t17.htm

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