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Old July 6th, 2009, 01:55 AM
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Default Probability that X is appointed as a manager

Question:
The chance of three persons Mr X, Y and Z becoming manager of a company are 4:2:3. The probability that bonus scheme shall be introduced if X, Y and Z become managers are 0.3,0.5,0.8 respectively. Find the probability that the bonus scheme will be introduced. What is the probability that X is appointed as a manager?

Answer:

P(S) = Probability of bonus being introduced.
P(X) = Probability of Mr X being Manager.
P(Y) = Probability of Mr Y being Manager.
P(Z) = Probability of Mr Z being Manager.
P(S/X) = Probability of scheme being introduced when X becomes manager.
P(S/Y) = Probability of scheme being introduced when Y becomes manager.
P(S/Z) = Probability of scheme being introduced when Z becomes manager.

Probability of bonus scheme being introduced
P(S) = P(X).P(S/X) + P(Y).P(S/Y) + P(Z).P(S/Z) = 4(0.3) + 2(0.5) + 3(0.8) = 4.6

Probability that X is appointed as manager
P(S/X) = \frac{4(0.3)}{4(0.3)+2(0.5)+3(0.8)} = 0.26

Is this Right or Wrong solution......Please let me now ........
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