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Please show calculations without excel! Thank you. 6- A small company conducted a survey of its employees to determine their attitudes toward a buyout of
Please show calculations without excel! Thank you.
6- A small company conducted a survey of its employees to determine their attitudes toward a buyout of the company's stock. Each of the company's 1,040 employee were asked whether they favored the buyout and whether they planned to retire within the next 15 years. The numbers of employees falling in the four buyout- retirement categories are shown in the table below. Suppose a single employee is to be selected from among the 1,040 Buyout Yes Favors No Total 646 394 1,040 464 182 215 397 Retirement 0 Within 15 years Yes 179 Total 643 a- What is the probability that the employee favors buyout? b- What is the probability that the employee favors buyout and is within 15 years of retirement? c- What is the probability that an employee favor buyout or is within 15 years of retirement? d- Given that the employee favors buyout, what is the probability that he/she is within 15 years of retirement? e If two employees selected at random without replacement, what is the probability that both favor buyoutStep by Step Solution
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