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Question 1 (3 points) Q19. Labor trends were recently studied using a survey of respondents who were either unemployed (A) or employed (B). The survey
Question 1 (3 points) Q19. Labor trends were recently studied using a survey of respondents who were either unemployed (A) or employed (B). The survey results revealed that among those surveyed, 70% of those currently unemployed gain employment within the following month, and 30% remain unemployed. Meanwhile, 80% of those currently employed maintain employment through the following month, and 20% become unemployed. Suppose 50% of the population is currently employed. 0.7 0.3 A B 0.8 0.2Using the probabilities and states given, what percentage of the population will likely be employed two months from now? (Enter numerical value only. Do not enter % sign. Round the percentage to 1 decimal place, or to the nearest tenth of a percent.) Your
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