document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=256487>Question 256487</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I am completely lost.........I need to use my states unemployment rate (the most current rate I found was 8.2) to determine the probability of finding a new job within 6 months after being laid off.\r<BR>\n" );
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document.write( "I have no idea how to even start this. I understand the very basic principle of determining probability---the number of possible successful outcomes divided by the number of all possible outcomes. I do not understand how to relate that to this problem.  I'd appreciate any help I can get. \r<BR>\n" );
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document.write( "Thank you very much, </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #188632 by </B><A HREF=/tutors/aboutme.mpl?userid=drk><B>drk(1908)</B></A><img src=\"/images/stars/stars-12.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=drk><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=188632\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> I hope I can clarify for you.<BR>\n" );
document.write( "P(unemployed) = .082<BR>\n" );
document.write( "P(employed) = .918<BR>\n" );
document.write( "Let n = number of months<BR>\n" );
document.write( "Probability you unemployed for n months is:<BR>\n" );
document.write( "P(U) = .082^(n)<BR>\n" );
document.write( "P(u=1) = .082<BR>\n" );
document.write( "P(u=2) = .082^2<BR>\n" );
document.write( "P(u=3) = .082^3<BR>\n" );
document.write( "P(u=4) = .082^4<BR>\n" );
document.write( "P(u=5) = .082^5<BR>\n" );
document.write( "--<BR>\n" );
document.write( "we want less than 6 months, so 1<= u < 6. We need to add these probabilities together to get<BR>\n" );
document.write( "P(1<=u<6) ~ 0.0893\r<BR>\n" );
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document.write( "I think that is what you are looking for. </SPAN>\n" );
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