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Satisfaction with FDI

In a CRISIL Survey conducted in India in April 2003, laborers were asked, "Are you satisfied with the Foreign Direct Investment (FDI) in the country?"

In response, 62% of senior management, 48% of middle management, and 28% of wage earners said Yes. Assume that anyone who did not answer Yes answered No.

Suppose the number of senior management employees polled was 700, the number of middle management employees was 900, and the number of wage earners was 400.

a. Create a two-way table with counts (not percentages) that starts as shown here.

91_Satisfaction.png

b. What is the probability that a person randomly selected is a wage earner given they said Yes?

c. What is the probability that a person randomly selected is a top-level manager given they said Yes?

d. What is the probability that a person randomly selected said Yes given they are a wage earner?

e. What is the probability that a person randomly selected from the entire group is a middle-level manager AND said No?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92598387

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