6.Suppose 70% of all companies are classified as small companies and the rest as large companies.Suppose further, 82% of large companies provide training to employees, but only 18% of small companies provide training. A company is randomly selected without knowing if it is a large or small company; however, it is determined that the company provides training to employees. What a·e the prior probabilities that the company is a large company or a small company? What are the revised probabilities that the company is large or small? Based on your analysis, what is the overall percentage of companies that offer training?
Answers
Answer:
the overall percentage of companies that offer training 3.72%
Step-by-step explanation:
As a result, we'll have little and then giant companies. Given that 70% of companies are small, the remaining 30% must be enormous, therefore they were going to have over here. If the answer to this question is yes or no, then we know that just 18% of small businesses offer training. 7 times . 18. As a result, out of the huge corporations that offer training, there are 26 little companies. We can multiply this by 82 percent to get the result. 246.
There will therefore be a point for a tiny group who do not. Point 82 should be 7 times of compliment. Then we proceed to her and 0.574. 3 times . 18. That will give us 0.0 54 points, so we want to determine the likelihood of becoming a tiny corporation for part B. Given that there is a 70% chance that it will be a big firm, the remaining 30% is our guess. Therefore, we now want to know if it is found that a corporation offers its staff training.
We are aware that this is a small organisation with a higher likelihood of training than not. As we can see from the table, the small training-related businesses score 12 points. Divide 6% by those who participate in training to get.126, which equals.126 and.246. Given their training probability of large and training the likelihood of training so from table, we should thus arrive at 0.338 portability being a huge corporation. The chance of training is given above as.126 plus.246. Thus, that will result in a score of 0. 6. 6. Now part d: we want to know the probability of training. Well, that's going to just be the point 7 times .18 plus the .3 times .82. So that's going to give us 0 point. 3. 72.
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