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Question: A recent graduate has submitted his application to the World Bank for a position in the Young Professional Program. He knows the Bank hires 4% of its applicants. Only some of the applicants receive an interview. It is known that among all the applicants hired 98% receive inter-views, the other 2% being related to Division Chiefs! Furthermore, among all applicants not hired only 1% are interviewed. Our recent graduate was just called for an interview and asks you to tell him the probability that he will be hired. What do you tell bim?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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