Probability of getting a promotion and raise

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Reference no: EM1392986

Consider that you are a line manager in your current Corporation. There is a 0.50 probability that you will be promoted this year. There is a 0.65 probability that you will get a promotion or a raise. The probability of getting a promotion and a raise is 0.35. (Use letter P to denote promotion and letter R to denote raise.)

a) If you get a promotion, what is the probability that you will also get a raise?

b) What is the probability that you will get a raise?

Please show all the steps in your calculations.

Reference no: EM1392986

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