SOLUTION: he Board of Directors of Bidwell Valve Company have made the following estimates for the upcoming year’s annual earnings
P(earnings lower than this year) = .30
P(earnings the
Algebra ->
Probability-and-statistics
-> SOLUTION: he Board of Directors of Bidwell Valve Company have made the following estimates for the upcoming year’s annual earnings
P(earnings lower than this year) = .30
P(earnings the
Log On
Question 848021: he Board of Directors of Bidwell Valve Company have made the following estimates for the upcoming year’s annual earnings
P(earnings lower than this year) = .30
P(earnings the same as this year) = .50
P(earnings higher than this year) = .20
After talking with union leaders, the personnel department has drawn the following conclusions:
P(union will request wage increase/lower earnings next year) = .25
P(union will request wage increase/same earnings next year) = .40
P(union will request wage increase/higher earnings next year) = .90
Calculate the following probabilities:
The company will earn the same as this year and the union will request a wage increase
The company will have higher earnings next year and the union will not request a wage increase.
The union will request a wage increase regardless of the company’s profit next year. Answer by ewatrrr(24785) (Show Source):
Hi,
The company will earn the same as this year and the union will request a wage increase
The company will have higher earnings next year and the union will not request a wage increase.
The union will request a wage increase regardless of the company’s profit next year.
