As a Company Manager for Claimstat Corporation There Is a 0.40

question 53

Essay

As a company manager for Claimstat Corporation there is a 0.40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion, a raise, or both. The probability of getting a promotion and a raise is 0.25.
a.If you get a promotion, what is the probability that you will also get a raise?
b.What is the probability that you will get a raise?
c.Are getting a raise and being promoted independent events? Explain using probabilities.
d.Are these two events mutually exclusive? Explain using probabilities.

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Definitions:

Perceiving

The process of becoming aware of or understanding sensations and information through the senses.

Entropy

In thermodynamics, it is a measure of the disorder or randomness in a system; in information theory, it represents the uncertainty or diversity of information.

Energy Differences

Variations in the amount or type of energy between two or more entities or processes.

Equalization

The process or principle of making things the same in terms of size, level, status, or condition.