Experience has shown that 60 of the time a strike by union, Ask an Expert

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Experience has shown that 60% of the time a strike by union workers is settled within two-weeks; 55% of the time the union strike fund is adequate to support a strike; and 40% of the time both conditions are satisfied. What is the probability of a strike settlement given that you know the union's strike fund to be adequate to support a strike? Is the settlement of a strike within a two-week period dependent on whether the strike fund if adequate?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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