Suppose 20 % of the employees of company ABC have only a high school diploma, 60 %
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Suppose 20 % of the employees of company ABC have only a high school diploma, 60 % have bachelor degrees, and 20 % have graduate degrees Of those with only a high school diploma, 15 % hold management positions; whereas, of those having bachelor degrees, 30 % hold management positions.
Finally, 60 % of the employees who have graduate degrees hold management positions.
(a) What percentage of employees holds management positions?
(b) Given that a person holds a management position, what is the probability that she/he has a graduate degree?
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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