Since the fall of 2008, millions of americans have lost jobs due to the economic meltdown. a recent study shows that unemployment has not impacted white-collar and blue-collar workers equally (newsweek, april 20, 2009). according to the bureau of labor statistics report, while the national unemployment rate is 8.5%, it is only 4.3% for those with a college degree. it is fair to assume that 27% of people in the labor force are college educated. you have just heard that another worker in a large firm has been laid off. what is the probability that the worker is college educated?
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