Since the fall o f 2008, millions of Americans have lost jobs due to the economic meltdown.

Question:

Since the fall o f 2008, millions of Americans have lost jobs due to the economic meltdown. A recent study shows that unem ploym ent has not impacted white collar and blue collar workers equally (N e w s w e e k , April 2 0 , 2009).

According to the Bureau of Labor Statistics report, while the national unem ploym ent rate is 8.5%, it is only 4.3%

for those w ith a college degree. It is fair to assume that 27% of people in the labor force are college educated. You have just heard that another worker in a large firm has been laid off. What is the probability that the worker is college educated? P-258 

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: