Question

Research has shown that 55% of new Small Medium Enterprises (SMEs) are started by graduates
while 45% are started by non-graduates. It is also known that 70% of SMEs started by graduates are
successful i.e. they survive beyond 3 years, while only 10% of those started by non-graduates are
successful.
Required:
If it is known that a new SME is not successful, what is the probability that it was not started by a
graduate?

Answer 1

3/7

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