Records of a Company Show That 15% of the Employees

question 106

Short Answer

Records of a company show that 15% of the employees have only a high school diploma; 75% have bachelor degrees; and 10% have graduate degrees. Of those with only a high school diploma, 12% hold management positions; whereas, of those having bachelor degrees, 58% hold management positions. Finally, 82% of the employees who have graduate degrees hold management positions.
a.What percentage of employees holds management positions?
b.Given that a person holds a management position, what is the probability that she/he has a graduate degree?

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Definitions:

Academic Ability

Refers to the skills and proficiency in academic subjects and tasks, often measured through grades, tests, and assessments.

Self-handicapping

A cognitive strategy where individuals create obstacles and excuses for themselves to avoid blame in case of failure.

Procrastination

The action of delaying or postponing tasks or decisions, often leading to stress, anxiety, and lower performance.

Self-serving Strategies

Behaviors or attitudes adopted by individuals or groups that prioritize personal gain, often at the expense of others or ethical principles.