In a Survey of Employee Satisfaction, 60% of the Employees

question 114

Essay

In a survey of employee satisfaction, 60% of the employees are male and 45% of the employees are satisfied. What is the probability of randomly selecting an employee who is male and satisfied?

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Definitions:

Preferred Stock

Preferred stock represents a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often receiving dividends before common shareholders.

Common Stock

A type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.

Earnings Per Share

A financial ratio calculated by dividing a company's net profit by the number of its outstanding shares, indicating the profitability on a per-share basis.

Bonds Payable

A long-term debt instrument issued by corporations or governments that promises to pay the holder a specified sum of money at a future date plus periodic interest payments.