Arizona State University MKT MKT MISC A company studied the number of lost-time accidents occurring at…

Arizona State University MKT MKT MISC A company studied the number of lost-time accidents occurring at…

A company studied the number of lost-time accidents occurring at its Brownsville, Texas, plant. Historical records show that 8% of the employees had lost-time accidents last year. Management believes that a special safety program will reduce the accidents to 5% during the current year. In addition, it estimates that 15% of those employees having had lost-time accidents last year will have a lost-time accident during the current year.

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  1. What percentage of the employees will have lost-time accidents in both years? When required, round the percent to three decimal places before converting to a percentage. For example, .8839 would be rounded to .884 and entered as 88.4.

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