Which of the following are three key advantages of mutual funds? Multiple Choice diversification, taxes, high initial investment
1 answer:
You might be interested in
Answer:
The probability that a randomly selected member of the labor force is African American given that he or she is unemployed is 0.2308.
Explanation:
The events are denoted as:
<em>A</em> = a member of a labor force is African American
<em>B</em> = a member of a labor force is unemployed
The information provided is:
The Bayes' theorem states that the conditional probability of an event <em>E</em> given that another event <em>X</em> has already occurred is:
Use the Bayes' theorem to compute the value of P (A|B) as follows:
Thus, the probability that a randomly selected member of the labor force is African American given that he or she is unemployed is 0.2308.