SOLUTION: A survey of 100 companies reveals that 15 private and 30 public companies are planning to restart hiring, while 40 private and 15 public companies do not plan on restarting hirin

Question 264759: A survey of 100 companies reveals that 15 private and 30 public companies are planning to restart hiring, while 40 private and 15 public companies do not plan on restarting hiring. What is the probability that a company is both private and does not plan to restart hiring?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A survey of 100 companies reveals that 15 private and 30 public companies are planning to restart hiring, while 40 private and 15 public companies do not plan on restarting hiring. What is the probability that a company is both private and does not plan to restart hiring?
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Procedure:
Sketch a contingency table with 3 rows (private and public and total)
and 3 columns (hiriing and not hiring and total).
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Fill in the boxes you can with the data listed.
Fill in the other boxes based on logic.
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P(private and Not hiring) = 40/100 = 0.4
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Cheers,
Stan H.
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