Question
Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all
Companies provide training to employees for many different reasons. Among them are employee loyalty, employee retention, and quality of employee work. Suppose 65% of all companies give some training to their employees but that this figure varies by company size. Suppose further that 18% of all companies using training are small companies and that 75% of all companies that do not use training are small companies. A company is randomly sampled without regard to size. What is the revised probability that the company uses training? What proportion of all companies is not small?
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