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 Retail TradeRetail Trade or Financial ActivitiesFinancial Activities. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
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 Retail TradeRetail Trade or Financial ActivitiesFinancial Activities. Express your answer as a fraction in lowest terms or a decimal rounded to the nearest millionth.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Problem 1RQ
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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 Retail TradeRetail Trade or Financial ActivitiesFinancial Activities.
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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