In a certain company, a third of the workers do not have a retirement plan. 40% of the workers who ...
In a certain company, a third of the workers do not have a retirement plan. 40% of the workers who do not have a retirement plan are women, and 40% of the workers who do have a retirement plan are men. If 120 of the workers of that company are men, how many of the workers are women?
Answer/Solution
137
Steps/Work
20% of the workerswithoutretirement plan are women, this means 80% of the workerswithoutretirement plan are men right? Makes 100% = no retirement plan.
Then 40% of those wo have a retirement plan are men, which means 60% of those who have a retirement plan are women. These percentages are always refering to the subgroupsRetirement plan = YesandNo Retirement Plan.
Make the total workers equal x and work from there and it should be fine > x/3 have no retirement plan at all. I struggled with the question a lot, it was hard for me although usually I have no problems with sets questions like this. I believe it must be a 700+ question.
Yes, you are right. I read the question incorrectly! I glazed overnotfor some reason.
If20% of the workers who do not have a retirement plan are women,80% who do not have retirement plan are men. Also 40% who do have retirement plan are men. Since 1/3 do not have retirement plan and 2/3 do have, it becomes a simple weighted average question.
Cavg = (60*1 + 40*2)/3 = 140/3% are men
Total = 120*300/140 = 257
No. of women = 257 - 120 = 137
D
Then 40% of those wo have a retirement plan are men, which means 60% of those who have a retirement plan are women. These percentages are always refering to the subgroupsRetirement plan = YesandNo Retirement Plan.
Make the total workers equal x and work from there and it should be fine > x/3 have no retirement plan at all. I struggled with the question a lot, it was hard for me although usually I have no problems with sets questions like this. I believe it must be a 700+ question.
Yes, you are right. I read the question incorrectly! I glazed overnotfor some reason.
If20% of the workers who do not have a retirement plan are women,80% who do not have retirement plan are men. Also 40% who do have retirement plan are men. Since 1/3 do not have retirement plan and 2/3 do have, it becomes a simple weighted average question.
Cavg = (60*1 + 40*2)/3 = 140/3% are men
Total = 120*300/140 = 257
No. of women = 257 - 120 = 137
D