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The owner of a Jobs unlimited, publicly claims that anyone who has successfully

ID: 2958211 • Letter: T

Question

The owner of a Jobs unlimited, publicly claims that anyone who has successfully completed this progarm will have a 90% chance of finding full time employment within a month after graduating. To investigate , a consumer agengy contact 3 people selected at random, who completed this program. Assuming that the ownerclaim is accurate, compute the following probabilities:
a.what is the probability that all 3 have obtain full time jobs?
b.what is the probability that none of the 3 has obtain full time jobs?
c. what is the probability that at least 1of the 3 has obtain full time jobs?

Explanation / Answer

Odds that one random person has a job is 90% Odds that two people have job = .9 x .9 = .81 Odd that all three have job = -.9 x .9 x .9 = .72 (72%) Odds that one random person has NO job is 10% Odds that two people have NO job = .1 x .1 = .01 = 1% Odd that all three have NO job = -.1 x .1 x .1 = .001 = 0.1%

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