Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

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.

Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.