Number of service industry workers who have been unemployed for 26+ weeks = 0.09 * 8 million = 720,000
Total number of workers in service and manufacturing industries = 18 million
P = \frac{720,000}{18,000,000} = 0.04
Ans. A
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@vidishas99 is there any video where all the questions in DD session 3 HW is discussed?
Hi @gregmat / @vidishas99
So, in the above problem, going by the fundamental definition of probability as \frac{successful outcomes}{total outcomes} , can we arrive at the solution as \frac{9}{200} = 0.045 (9% → service industry workers unemployed for 26 weeks or more & 200% → Both manufacturing and service industry workers combined) ??
Thanks