The National Survey Engineering LLC Dubai, conducted a national survey of small business owners to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the small business owners, was the economy. A close second was finding qualified workers (37%). Suppose 15% of the small business ownersselected both the economy and finding qualified workers as challenges for growth. A small-business owner is randomly selected.We denote E: Economy is a challenge for growthQ: Finding qualified workers is a challenge for growth What is the probability that the owner believes the economy is a challenge for growth if the owner believes that finding qualified workers is a challenge for growth? What is the probability that the owner believes that finding qualified workers is a challenge for growth if the owner believes that the economy is a challenge for growth? Given that the owner does not select the economy as a challenge for growth, what is the probability that the owner believes that finding qualified workers is a challenge for growth?

Name: The National Survey Engineering LLC Dubai, conducted a national survey
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Description: The National Survey Engineering LLC Dubai, conducted a national survey of small business owners to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the small business owners, was the economy. A close sec

Given information: Event E = Economy is a challenge for growth Event Q = Finding qualified workers…

Answered: The National Survey Engineering LLC…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 10CYU

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The National Survey Engineering LLC Dubai, conducted a national survey of small business owners to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the small business owners, was the economy. A close second was finding qualified workers (37%). Suppose 15% of the small business owners
selected both the economy and finding qualified workers as challenges for growth. A small-business owner is randomly selected.

We denote E: Economy is a challenge for growth
Q: Finding qualified workers is a challenge for growth

What is the probability that the owner believes the economy is a challenge for growth if the owner believes that finding qualified workers is a challenge for growth?
What is the probability that the owner believes that finding qualified workers is a challenge for growth if the owner believes that the economy is a challenge for growth?
Given that the owner does not select the economy as a challenge for growth, what is the probability that the owner believes that finding qualified workers is a challenge for growth?

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