A financial analyst reports that for people who work in the finance industry, the probability that a randomly selected person will have a tattoo is 0.20. Which of the following is the best interpretation of the probability 0.20?

A) For all workers in the United States, 20% will work in finance.

B) For all finance workers, 20% will have a tattoo.

C) For all people with tattoos, 20% will work in finance.

D) For a specific group of 5 finance workers, 1 will have a tattoo.

E) For a specific group of 5 people with a tattoo, 1 will work in finance.

Question

Business

Maren

30 March, 13:36

A financial analyst reports that for people who work in the finance industry, the probability that a randomly selected person will have a tattoo is 0.20. Which of the following is the best interpretation of the probability 0.20?

A) For all workers in the United States, 20% will work in finance.

B) For all finance workers, 20% will have a tattoo.

C) For all people with tattoos, 20% will work in finance.

D) For a specific group of 5 finance workers, 1 will have a tattoo.

E) For a specific group of 5 people with a tattoo, 1 will work in finance.

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Answers (1)

Know the Answer?

Rayan Nixon · Answer 1

B) For all finance workers, 20% will have a tattoo.

Explanation:

Since the analyst reports that for people who work in the financial sector, the probability of having a tattoo in the people's body will be chosen from the only finance department; therefore, option A is incorrect as it shows the whole work in the United States.

All people do not have tattoos, so option C is wrong. Among the five finance people, one will have a tattoo, and option D is an incorrect statement.

Therefore, option B is correct as, among finance workers, 20% will have tattoos.