Question: Suppose 70 of all companies are classified as small companies
Suppose 70% of all companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 18% of small companies provide training. A company is randomly selected without knowing if it is a large or small company; however, it is determined that the company provides training to employees. What are the prior probabilities that the company is a large company or a small company? What are the revised probabilities that the company is large or small? Based on your analysis, what is the overall percentage of companies that offer training?
Relevant QuestionsUse the values in the cross-tabulation table to solve the equations given.a. P(E) = _______b. P(B ∪ D) = _______c. P(A ∩ E) = _______d. P(B | E) = _______e. P(A ∪ B) = _______f. P(B ∩ C) = _______g. P(D | C) = ...An Adweek Media/Harris Poll revealed that 44% of U.S. adults in the 18–34 years category think that “Made in America” ads boost sales. A different Harris Interactive poll showed that 78% of U.S. adults in the 18–34 ...Companies use employee training for various reasons, including employee loyalty, certification, quality, and process improvement. In a national survey of companies, BI Learning Systems reported that 56% of the responding ...Determine the mean, the variance and the standard deviation of the following discrete distribution.x .... P(x)1 ..... .2382 ..... .2903 ..... .1774 ..... .1585 ..... .137Shown here is a graph of a binomial distribution for n = 12. Study the graph and from the graph, estimate what you think is the mean of this distribution. Approximately what do you think is the value of p andwhy?
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