Employees of a Local University Have Been Classified According to Gender

question 2

Multiple Choice

Employees of a local university have been classified according to gender and job type. If an employee is selected at random,what is the probability that the employee is a member of the hourly staff,given that the employee is female?

• A)0.400
• B)0.133
• C)0.160
• D)0.053
• E)0.533

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Definitions:

Opportunity Cost

Represents the value of the best alternative that is forgone when a decision is made.

Unit(s)

The fundamental measurement or quantity of a good, service, or economic variable used as a standard or baseline for transactions, assessments, or calculations.

Toys

Objects designed for play or amusement, often targeted towards children.

Heckscher-Ohlin Model

A model in international trade theory that explains patterns of trade between countries based on their differences in factor endowments.