Answer:
90%
Explanation:
Given that,
Percent of new hires turn out to be good workers = 80%
Percent of new hires turn out to be poor workers = 20%
Percent of good workers passed the reasoning test = 90%
Percent of bad workers passed the reasoning test = 40%
Probability of good workers who are passed:
= 0.8 × 0.9
= 0.72
Probability of poor workers who are passed:
= 0.2 × 0.4
= 0.08
Total probability:
= Probability of good workers who are passed + Probability of poor workers who are passed
= 0.72 + 0.08
= 0.80
Percent of the new hires will turn out to be good workers:
= Probability of good workers who are passed ÷ Total probability
= 0.72 ÷ 0.80
= 0.9 or 90%
Answer:
The answer is: B) equals the quantity supplied.
Explanation:
For all products and services; the equilibrium price is always the price where the quantity supplied of a product or service (in this case apartments offered for rent) is equal to the quantity demanded of that product or service (in this case apartments demanded for rent).