# Probability: Playing Card and Vocational Training

Topics: Playing card, Vocational education, Higher education Pages: 2 (480 words) Published: November 25, 2011
PROBABILITY QUESTIONS

Probability that he/she was exposed to at least one mode of advertising = 0.25 + 0.34 + 0.1 = 69% Q3). A Firm has 550 employees, 380 of them have had at least some college education, and 412 of the employees underwent a vocational training program. Furthermore, 357 employees are both college educated and have had vocational training. If an employee is chosen at random, what is the probability that he or she is college educated or has had the vocational training or both? Q4). A bank loan officer knows that 12% of the bank’s mortgage holders lose their jobs and default on the loan in the course of 5 years. She also knows that 20% of the bank’s mortgage holders lose their jobs during this period. Given that one of her mortgage holders just lost his job, what is the probability that he will now default on the loan? Q5) A Recent survey conducted by Towers Perrin and published in the Financial Times showed that among 460...