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

ID: 3235028 • Letter: D

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, 18% had asked for a raise and 55% 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)=0.18

b)P(received raise given asked for one)=0.55

c) P(asked and received)=0.18*0.55=0.099

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