Solved: During bad economic times, industrial workers are

Chapter 3, Problem 2.126

(choose chapter or problem)

Get Unlimited Answers
QUESTION:

During bad economic times, industrial workers are dismissed and are often replaced by machines. The history of 100 workers whose loss of employment is attributable to technological advances is reviewed. For each of these individuals, it is determined if he or she was given an alternative job within the same company, found a job with another company in the same eld, found a job in a new eld, or has been unemployed for 1 year. In addition, the union status of each worker is recorded. The following table summarizes the results.Union NonunionSame Company New Company (same eld) New Field Unemployed40 13 4 215 10 11 5(a) If the selected worker found a job with a new company in the same eld, what is the probability that the worker is a union member? (b) If the worker is a union member, what is the probability that the worker has been unemployed for a year?

Questions & Answers

QUESTION:

During bad economic times, industrial workers are dismissed and are often replaced by machines. The history of 100 workers whose loss of employment is attributable to technological advances is reviewed. For each of these individuals, it is determined if he or she was given an alternative job within the same company, found a job with another company in the same eld, found a job in a new eld, or has been unemployed for 1 year. In addition, the union status of each worker is recorded. The following table summarizes the results.Union NonunionSame Company New Company (same eld) New Field Unemployed40 13 4 215 10 11 5(a) If the selected worker found a job with a new company in the same eld, what is the probability that the worker is a union member? (b) If the worker is a union member, what is the probability that the worker has been unemployed for a year?

ANSWER:

Step 1 of 3

Given that,

The number of workers=100

The union status of each worker is given as follows:

Union  

Nonunion

                                                                                                  Same Company                                

40

15

New Company (same field)              

13

10

New Field                                          

4

11

Unemployed    

2

5

 

 

Add to cart


Study Tools You Might Need

Not The Solution You Need? Search for Your Answer Here:

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back