Problem 35E: Chapter: CH6 Problem: 35E An analysis of fired or laid-off workers, their age, and the reasons for their departure produced the...
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Problem 35E:
Chapter:
CH6
Problem:
35E
An analysis of fired or laid-off workers, their age, and the reasons for their departure produced the following table of joint
probabilities.
Age Category
Reason for job loss
20-24
25-5455-6465 and older
Plant or company closed or moved
015
.320
.089
029
Insufficient work
014
.180
.034
011
Position or shift abolished
006
.214
.071
016
Source: Statistical Abstract of the United States, 2009, Table 593.
a. What is the probability that a 25- to 54-yearold employee was laid off or fired because of insufficient work?
b. What proportion of laid-off or fired workers is age 65 and older?
c. What is the probability that a laid-off or fired worker because the plant or company closed is 65 or older?

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