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91Ó°ÊÓ

Express the indicated degree of likelihood as a probability value between 0 and \(1 .\) Based on an Adecco survey of hiring managers who were asked to identify the biggest mistakes that job candidates make during an interview, there is a \(50-50\) chance that they will identify "inappropriate attire."

Short Answer

Expert verified
0.5

Step by step solution

01

Understand the Likelihood Given

The problem states that there is a '50-50' chance of hiring managers identifying 'inappropriate attire' as a big mistake during an interview.
02

Convert the Likelihood to a Probability

'50-50' chance means that there is an equal likelihood for the event to occur or not occur. This can be represented as a fraction where both the numerator (successful outcomes) and the denominator (total outcomes) are equal.
03

Write the Fraction

A '50-50' chance can be written as the fraction \( \frac{1}{2} \) indicating that there is one successful outcome out of two possible outcomes.
04

Convert the Fraction to a Decimal

To express this as a probability value between 0 and 1, simply divide the numerator by the denominator: \( \frac{1}{2} = 0.5 \).

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

likelihood
When we talk about the likelihood of an event, we are referring to how probable it is that said event will occur. In the context of probability, likelihood is often expressed as a percentage, fraction, or decimal. In the given exercise, the phrase '50-50' represents an equal chance of two outcomes: one where the event occurs and one where it does not.
fraction to decimal conversion
Converting a fraction to a decimal is an important skill in understanding and working with probabilities. The fraction given in the example is \(\frac{1}{2}\). To convert any fraction to a decimal, you simply divide the numerator (the top number) by the denominator (the bottom number). In this case, \(\frac{1}{2}\) becomes 0.5. This method can be used for any fraction, allowing you to easily express probabilities in a decimal form.
probability value
A probability value quantifies the likelihood of an event occurring and is always between 0 and 1, where 0 means the event will not happen and 1 means it certainly will. In the exercise, the '50-50' chance is converted to a probability value of 0.5. This tells us that there is an equal chance for the event (hiring managers identifying 'inappropriate attire') to happen or not happen, which is useful in decision-making and predictions.

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