A survey of 500 top Canadian companies reported what the companies’ hiring outlook was for the next 18 months as well as
Posted: Mon Nov 15, 2021 10:51 am
A survey of 500 top Canadian companies reported what the companies’ hiring outlook was for the next 18 months as well as the general company outlook for the economy over the same period of time.
Economic Outlook
Plan to add jobs in the next 18 months
No change on jobs in the next 18 months
Cut jobs in the next 18 months
Total
Favourable Outlook
100
50
25
175
Unknown Outlook
50
150
60
260
Unfavourable Outlook
15
10
40
65
Total
165
210
125
500
What is the probability that a company selected at random has a favourable outlook about the economy and plans to add jobs over the next 18 months?
a.
0.1300
b.
0.4000
c.
1.2000
d.
0.3000
Economic Outlook
Plan to add jobs in the next 18 months
No change on jobs in the next 18 months
Cut jobs in the next 18 months
Total
Favourable Outlook
100
50
25
175
Unknown Outlook
50
150
60
260
Unfavourable Outlook
15
10
40
65
Total
165
210
125
500
What is the probability that a company selected at random has a favourable outlook about the economy and plans to add jobs over the next 18 months?
a.
0.1300
b.
0.4000
c.
1.2000
d.
0.3000