A survey of 500 top Canadian companies reported what the companies' hiring outlook was for the next 18 months as well as the general company outlook for the economy over the same period of time. What is the probability that a randomly selected company has an unfavourable forecast for the economy for the next 18 months?
A) 25/500
B) 325/500
C) 65/500
D) 175/500

Question

A survey of 500 top Canadian companies reported what the companies' hiring outlook was for the next 18 months as well as the general company outlook for the economy over the same period of time.  What is the probability that a randomly selected company has an unfavourable forecast for the economy for the next 18 months?
A) 25/500 
B) 325/500 
C) 65/500 
D) 175/500

Quizplus · Accepted Answer

The survey only reports two types of outlook: hiring outlook and economic outlook. Since they are asking for the probability of a company having an unfavourable forecast for the economy, we need to look at the number of companies with an unfavourable economic outlook, which is given as 65 out of 500. Therefore, the probability is 65/500, or simplified to 13/100 or 0.13, which is option C.

A Survey of 500 Top Canadian Companies Reported What the Companies