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Economics and Finance

In a 2013 survey conducted by the Bank of Montreal, Canadians indicated that they were feeling more optimistic about the economy. It was found that 38% of the respondents believed that their employer would hire additional people during the year.31 Suppose three Canadian workers are selected at random.

a. What is the probability that all three believe their employer will hire additional people in the coming year?

b. What is the probability that at least one believes that her employer will hire additional people in the coming year?

c. What is the probability that none of the three believes that their employer will hire additional people in the coming year?

Reference no: EM131424414

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