Question
A survey of U.S. small-business owners was conducted to determine the challenges for growth for their businesses. The top challenge, selected by 46% of the
A survey of U.S. small-business owners was conducted 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%). Suppose13% of the small-business owners selected both the economy and finding qualified workers as challenges for growth. A small-business owner is randomly selected.
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? Round your answer to 4 decimal places, e.g. 0.7895.
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