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Use Bayes' theorem to find the indicated probability.
-In one town, 7% of 18-29 year olds own a home, as do 27% of 30-50 year olds and 52% of those over 50. According to a recent census taken in the town, 27.5% of adults in the town are 18-29 years old, 38.4% are 30-50 years old, and 34.1% are over 50. If an adult is selected at random from the town and found to be a home-owner, what is the probability that they are aged between 30 and 50?
Contracting Work
The practice of hiring external contractors to perform specific tasks or projects rather than employing full-time staff to do the same work.
Contract Workers
Individuals employed on a temporary basis to complete specific tasks or for a set period, often without the benefits provided to permanent staff.
Employment Legislation
Laws and regulations that govern the relationship between employers and employees, covering aspects such as wages, working hours, health and safety, and discrimination.
Telecommute
The practice of working from a remote location, outside of the traditional office, via internet connectivity.
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