It is currently difficult to hire in the technology sector, Basic Statistics

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It is currently difficult to hire in the technology sector

It is currently difficult to hire in the technology sector. Your company believes that the chances of successfully hiring this year are 0.13. Given that your company is successful in hiring, the chances of finishing the project on time are 0.78, but if hiring is not successful, the chances are reduced to 0.53.

a. Draw a probability tree for this situation.

b. Find the probability of finishing the project on time.

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Basic Statistics: It is currently difficult to hire in the technology sector

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