Question: As a company manager for Claimstat Corp., there is a .40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion, a
raise, or both. The probability of getting a promotion and a raise is 0.25.
a. If you get a promotion, what is the probability you will also get a raise?
b. What is the probability you will get a raise?
c. Are getting a raise and getting a promotion independent events? Explain using probabilities.
d. Are these two events mutually exclusive? Explain using probabilities.