Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Get accurate and detailed answers to your questions from a dedicated community of experts on our Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Does it pay to ask for a raise? A national survey of heads of households showed the percentage of those who asked for a raise and the percentage who got one. According to the survey, of the men interviewed, 21% had asked for a raise and 60% of the men who had asked for a raise received the raise. If a man is selected at random from the survey population of men, find the following probabilities. (Enter your answers to three decimal places.)

Does It Pay To Ask For A Raise A National Survey Of Heads Of Households Showed The Percentage Of Those Who Asked For A Raise And The Percentage Who Got One Acco class=

Sagot :

Answer:

a) P(man asked for a raise) = 0.21.

b) P(man received raise, given he asked for one) = 0.6.

c) P(man asked for raise and received raise) = 0.126.

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

Question a:

21% asked for a raise, so:

P(man asked for a raise) = 0.21.

Question b:

Event A: Asked for a raise.

Event B: Received a raise:

21% had asked for a raise and 60% of the men who had asked for a raise received the raise:

This means that [tex]P(A) = 0.21, P(A \cap B) = 0.21*0.6[/tex], thus:

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.21*0.6}{0.6} = 0.6[/tex]

P(man received raise, given he asked for one) = 0.6.

Question c:

[tex]P(A \cap B) = 0.21*0.6 = 0.126[/tex]

P(man asked for raise and received raise) = 0.126.

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.