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 small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the probability that the company uses training? Suppose it is determined that the selected company is not a small company. What is the revised probability that the company uses training? What proportion of all companies is not small?
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 small companies and that 75% of all companies that do not use
training are small companies. A company is randomly sampled without regard to size.
What is the probability that the company uses training?
Suppose it is determined that the selected company is not a small company.
What is the revised probability that the company uses training?
What proportion of all companies is not small?
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