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:

Straight-line Method

A technique for determining depreciation or amortization by uniformly distributing the asset’s cost throughout its lifespan.

Unamortized Discount

The portion of a bond discount that has not yet been amortized to interest expense over the bond's life.

Redeemed

The act of exchanging a financial security, such as a bond, for its cash value before or at its maturity date.

Semiannual Interest

Interest that is calculated and paid twice a year, often used in the context of bonds and loans.