Economics and Finance. In a 2013 survey conducted by the Bank of Montreal, Canadians indicated that they were feeling more optimistic about the economy.
Economics and Finance. In a 2013 survey conducted by the Bank of Montreal,
Canadians indicated that they were feeling more optimistic about the economy. It was found that 38% of the respondents believed that their employer would hire additional people during the year.
Suppose 4 Canadian workers are selected at random
(a) What is the probability (±0.0001) that all 4 believe their employer will hire additional people in the coming year?
P(all 4 believe) =
(b) What is the probability (±0.0001) that at least one believes that her employer will hire additional people in the coming year?
P(at least one believes) =
(c) What is the probability (+/-0.0001) that none of the $n believes that their employer will hire additional people in the coming year?
P(none of the 4 believes) =
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