As a Company Manager for Claimstat Corporation There Is a 0.40

question 64

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 or a raise. 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 of getting 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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Definitions:

Disabilities

Physical or mental conditions that limit a person's movements, senses, or activities.

Mission Statement

A brief description of a company's fundamental purpose, outlining its objectives, goals, and approach to reach those goals.

Diversity

Exists in a group or organization when its members differ from one another along one or more important dimensions.

Workforce Diversity

The inclusion of individuals from various backgrounds and demographics in an organization, enhancing creativity, perspective, and innovation by embracing different experiences and ideas.