Explain standard cost of? living

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One question in a survey focused-on employees who received raises in the past year. Of these ?employees, 30?% reported that their raise was based on job? performance(J), 50?% reported that it was based on a standard cost of? living(C), and the remainder were unsure(U) how their raises were determined. Suppose that 50?% of all employees that reported their raise was based on job? performance have an MBA.? Of the employees that reported that it was based on a standard cost of? living 60% have an MBA. Sixty percent of the participant in the survey have an MBA.

a. What is the probability an employee reported that his raise was based on job? performance(J) and has an MBA?

b. What is the probability an employee reported that his raise was based on job? performance(J) or has an MBA?

c. Given a worker does not have an MBA what is the probability he/she reported that it was based on a standard cost of? living(C)?

Reference no: EM132907142

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