SCENARIO 4-10 Are Whites More Likely to Claim Bias? It Was Found

question 62

Short Answer

SCENARIO 4-10
Are whites more likely to claim bias? It was found that 60% of the workers were white,30% were black and 10% are other races.Given that a worker was white,the probability that the worker had claimed bias was 30%.Given that a worker was black,the probability that the worker had claimed bias was 40%.Given that a worker was other race,the probability that the worker had claimed bias was 0%.
-Referring to Scenario 4-10,if a randomly selected worker had not claimed bias,what is the probability that the worker is white?

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Definitions:

Binding Price Floor

A government-imposed minimum price set above the equilibrium price, resulting in a surplus by preventing the market price from falling to its natural level.

Willingness To Pay

The maximum amount an individual is prepared to spend to procure a good or service, reflecting the value they place on it.

Consumer Surplus

The discrepancy between what consumers are prepared and can afford to pay for a product or service versus what they end up paying in reality.

Willingness To Pay

The maximum amount an individual is prepared to spend on a good or service, which reflects the value they place on it.