Suppose that a person becomes unemployed. What is the probability that this person also was college educated? I have this question that I am having a hard time understanding. And how I should go about regarding questions like this. Could someone explain how my thought process should be regarding questions like these or help me out? Question: Unemployment is affecting different groups differently. According to a American survey the unemployment on a national level was 13%, but only 6% for people with a college education. Suppose that 21% of the people in the workforce that is college educated. Now suppose that a person becomes unemployed. What is the probability that this person also was college educated? The answer should be 9.7%, but I can't figure out how to get to this number.

Domianpv

Domianpv

Answered question

2022-09-30

Suppose that a person becomes unemployed. What is the probability that this person also was college educated?
I have this question that I am having a hard time understanding. And how I should go about regarding questions like this. Could someone explain how my thought process should be regarding questions like these or help me out?
Question:
Unemployment is affecting different groups differently. According to a American survey the unemployment on a national level was 13%, but only 6% for people with a college education. Suppose that 21% of the people in the workforce that is college educated. Now suppose that a person becomes unemployed. What is the probability that this person also was college educated?
The answer should be 9.7%, but I can't figure out how to get to this number.

Answer & Explanation

Erika Gomez

Erika Gomez

Beginner2022-10-01Added 4 answers

Hints:
You need to calculate
P ( C | U ) = P ( C U ) P ( U )
where U, C are Unemployed and College grads respectively. (This is just the definition of conditional probability if you are not sure)
Now, we know 6% of C are in U. ie,
| U C | = 0.06 | C |
And we know |C| is 21% of the population.
We also know |U| so you can calculate 1. to get ~9.69%

Do you have a similar question?

Recalculate according to your conditions!

New Questions in Research Methodology

Ask your question.
Get an expert answer.

Let our experts help you. Answer in as fast as 15 minutes.

Didn't find what you were looking for?