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Author Question: Suppose that 80 of the employees of a company received cash or company stock as a bonus at the end ... (Read 146 times)

saraeharris

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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?


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dawsa925

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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

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Reply #2 on: Jul 24, 2018
TY


dawsa925

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Reply #3 on: Jul 24, 2018
You're welcome


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