You interviewed well and got the job on Wall Street in NYC, a place that is notorious
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Question:
You interviewed well and got the job on Wall Street in NYC, a place that is notorious for working its new employees to extremes. Raises are given after 6 months, with the amount of time you put in being the major determinant. If you get a raise after 6 months, the probability that you worked at least 80 hours per week is 90%. If you don\\\'t get a raise after 6 months, there is a 75% chance that you worked less than 80 hours per week. The company has allotted money so that 40% of new employee will get a raise. What is the probability a new employee will work more than 80 hours per week and not get the raise?
Related Book For
Statistics for Management and Economics Abbreviated
ISBN: 978-1285869643
10th Edition
Authors: Gerald Keller
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