Suppose That 80% of the Employees of a Company Received

question 132

Essay

Suppose that 80% of the employees of a company received cash or company stock as a
bonus at the end of the year. If 60% of the employees received a cash bonus and 30%
received stock, what is the probability that a randomly chosen employee received both
cash and stock as a bonus?

---

Definitions:

Essay Section

A division or part of a written examination or paper focusing on the presentation of the writer's argument or point of view.

Thesis

A statement or theory that is put forward as a premise to be maintained or proved.

Math Tests

Standardized assessments or quizzes designed to evaluate a student's understanding and proficiency in mathematics.

Small Errors

Minor mistakes or inaccuracies that might occur in various contexts, often not significantly impacting the overall outcome.