A small manufacturing firm has 250 employees. Fifty have been employed for less than 5 years and 125 have been with the company for over 10 years. Suppose that one employee is selected at random from a list of the employees. For the following events, compute the probabilities requested below.
A = the event the selected employee has been with the firm less than 5 years
B = the event the selected employee has been with the firm
years.
C = the event the selected employee has been with the firm over 10 years.
a) P(A)
b) P(C)
c) P(A or B)
d) P(A and C)