Does it pay to ask for a raise? A national survey of heads of households showed

Question

Does it pay to ask for a raise? A national survey of heads of households showed the percentage of those who asked for a raise and the percentage who got one. According to the survey, of the men interviewed, 19% had asked for a raise and 60% of the men who had asked for a raise received the raise. If a man is selected at random from the survey population of men, find the following probabilities. (Enter your answers to three decimal places.)

(a) P(man asked for a raise) (b) P(man received raise, given he asked for one) (c) P(man asked for raise and received raise)

Explanation / Answer

(a) P(man asked for a raise) = 0.19

(b) P(man received raise, given he asked for one) = 0.6

(c) P(man asked for raise and received raise) = 0.19x0.6 = 0.114

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