The National Survey Engineering LLC Dubai, conducted a national survey of small- business owners to determine...

 

Transcribed Image Text:

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 1. 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? 2. 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? 3. 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? 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 1. 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? 2. 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? 3. 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?

Answer rating: 100% (QA)

We given PE 46 100 PB PENB are 37 100 046 037 15 100 015 The probability that the belives t... View the full answer