Classified as small companies and rest as large companies

Assignment Help Business Economics
Reference no: EM131242583

Suppose, 70% of companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 36% of small companies provide training. What is the probability that a randomly selected company is large given that it provides training to employees?

Reference no: EM131242583

Questions Cloud

With the innovation of hydraulic fracturing : With the innovation of hydraulic fracturing and horizontal drilling to extract natural gas from shale in the United States, U.S. gas production has increased and gas prices have decreased. With this new production technology, the United States is poi..
Candidates weaponize free-trade issue and politico : Candidates Weaponize Free-Trade Issue, Politico. Why Critics of Free Trade are Talking China, Not NAFTA, FiveThirtyEight. Economists Actually Agree on This: The Wisdom of Free Trade, New York Times.
Investigation related to possible collusion and price fixing : In july the department of justice opened an investigation related to possible collusion and price fixing. what created the suspicion of collusion ? also reasearch this case and share some details. what is currently happening? The Airline industry is ..
About relative strengths of output and substitution effects : Suppose the price of capital falls relative to the wage rate and, as a result, the demand for labor increases. Are these inputs gross substitutes, or are they gross complements? What can you infer about the relative strengths of the output and substi..
Classified as small companies and rest as large companies : Suppose, 70% of companies are classified as small companies and the rest as large companies. Suppose further, 82% of large companies provide training to employees, but only 36% of small companies provide training. What is the probability that a rando..
Typical family expenditures each month in year designated : Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows: In the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent..
What are the factors that contribute to economic growth : Present a thorough analysis of economic growth. What are the factors that contribute to economic growth? Provide your perspective as to what our society can do to enhance economic growth.
The college wage premium increased rapidly : From the late 1970’s through 2000, the college wage premium increased rapidly. At the same time, the supply of college graduates to the labor market increased relative to the supply of high school graduates. What do these trends imply about the deman..
Prospective customers walking into the bank : In a certain bank, previous records show that out of 200 prospective customers walking into the bank, 100 open a checking account, 50 open a savings account and 30 open both accounts. What is the probability that a customer will open savings account ..

Reviews

Write a Review

Business Economics Questions & Answers

  Determine the benefits from the price increase

In the northeast US and in eastern Canada, many citizens heat their homes with heating oil. Suppose you are one of these people, and you are expecting a cold winter, so you are considering your heating oil requirements for the season.

  The major assets on a banks balance sheet are its

The major assets on a banks balance sheet are its

  The fed choice of monetary policy strategy

The fed choice of monetary policy strategy is

  Total value of all corn-production subsidies

In 2009, it was estimated that the total value of all corn-production subsidies in the United States totaled about $4 billion. The population of the United States was approximately 300 million people that year. a. On average, how much did corn subsid..

  Apple and samsung are competing in duopoly

Apple and Samsung are competing in a duopoly. If both companies charge a high price, they each earn $900 million in economic profit. Construct a payoff matrix displaying the information above. Does either company have a dominant strategy? If so, whic..

  Increase the supply of money in a fiat money economy

Which of the following would NOT increase the supply of money in a fiat money economy?

  Price discrimination is the practice of charging

Price discrimination is the practice of charging: Competitive markets ______ goods with negative externalities and ______ provide goods with positive externalities.

  Find the upper-lower bounds on the prices of european call

Find the upper and lower bounds on the prices of the European Call and the Put options and then find their ranges. (i.e. all possible values).

  What will be the gross revenue

What will be the gross revenue if the government’s NCF is $560,000, contractor's NCF is 240,000 and the contractor's cost is 200,000?

  Related to specic properties of transportation services

Using key concepts discussed in the classes, explain why there is a large role of government (either local or federal) in the transportation industry in the real world. Specif-ically, what types of government policies do you expect in the industry? U..

  Holding medic and feduc fixed

Do sibs have the expected effect. Explain. Holding medic and feduc fixed, by how much do sibs have to increase to reduce predicted years of education by one year.

  Gross domestic product is inferior measure of product

Gross domestic product (GDP) is an inferior measure of a nation's product because: no allowance is made for the fact that people have to pay taxes on their income. no allowance is made for the fact that people save some of their income.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd