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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