Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social And Economic Networks

Authors: Matthew O Jackson

1st Edition

140083399X, 9781400833993

More Books

Students also viewed these Mathematics questions

Question

=+How is CSR different from strategic CSR?

Answered: 1 week ago