This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose that 80 of the employees of a company received cash or company stock as a bonus at the end ... (Read 388 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 24, 2018
Suppose that 80 of the employees of a company received cash or company stock as a bonus at the end of the year.
 
  If 60 of the employees received a cash bonus and 30 received stock, what is the probability that a randomly chosen employee received both cash and stock as a bonus?

Question 2

Suppose that for a certain experiment P(A ) = .37, P(B) = .69, and P(A  B) = .23. Find P(A  B).
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jul 24, 2018
Answer to Question 1

The Additive Rule states that P(A  B) = P(A ) + P(B) - P(A  B), so P(A  B) = P(A ) + P(B) - P(A  B) = .60 + .30 - .80 =.10.

Answer to Question 2

P(A  B) = .37 + .69 - .23 = .83


saraeharris

  • Hero Member
  • *****
  • Posts: 546
Reply #2 on: Jul 24, 2018
TY


dawsa925

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 24, 2018
You're welcome


« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

New employees should be shown all exits in case of an emergency. New employees should be shown all exits in case of an emergency.
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
ADHD (Stock photo) ADHD (Stock photo)
A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ... A company spends $117 500 today and has positive cash inflows of $34 000 for each of the next 6 ...
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library