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A company has recently hired 100 employees. As part of the company's benet package, the company will offer each employee a pension if the employee
A company has recently hired 100 employees. As part of the company's benet package, the company will offer each employee a pension if the employee remains with the company until retirement. In addition, the company will offer two pensions if the employee is married upon retirement. It is estimated that the probability that an employee will retire with this company is 0.30. In addition, given the employee retires with this company, there is a 0.60 probability that the employee is married. Assuming the pensions provided are independent of one another, what is the probability that the company will provide more than 50 pensions to their employees and their spouses? Possible Answers
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