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a.) What is the probability that the company uses training? b.) Suppose it is determined that the selected company is not a small company c.) What is the revised probability that the company uses training? d.) What proportion of all companies is not small

a.) What is the probability that the company uses training? b.) Suppose it is determined that the selected company is not a small company c.) What is the revised probability that the company uses training? d.) What proportion of all companies is not small

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are smal companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. a.) What is the probability that the company uses training? b.) Suppose it is determined that the selected company is not a small company. c.) What is the revised probability that the company uses training? d.) What proportion of all companies is not small
Transcribed Image Text:Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are smal companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. a.) What is the probability that the company uses training? b.) Suppose it is determined that the selected company is not a small company. c.) What is the revised probability that the company uses training? d.) What proportion of all companies is not small
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