Records of a company show that 20% of the employees have only a high school diploma; 70% have bachelor degrees; and 10% have graduate degrees. Of those with only a high school diploma, 10% hold management positions; whereas, of those having bachelor degrees, 60% hold management positions. Finally, 85% of the employees who have graduate degrees hold management positions. What percentage of employees hold management positions?

Respuesta :

Answer:

62.5% of employees hold management positions

Step-by-step explanation:

We have these following percentages:

20% of the employees have only a high school diploma;

70% have bachelor degrees;

10% have graduate degrees;

Of those with only a high school diploma, 10% hold management positions;

Of those having bachelor degrees, 60% hold management positions;

85% of the employees who have graduate degrees hold management positions

What percentage of employees hold management positions?

That is

[tex]P = P_{1} + P_{2} + P_{3}[/tex].

In which [tex]P_{1}[/tex] is the percentage of those who only have a high school diploma and hold a management position. So [tex]P_{1} = 0.2*0.1 = 0.02[/tex]

[tex]P_{2}[/tex] are those who have a bachelor degree and hold a management position. So [tex]P_{2} = 0.7*0.6 = 0.52[/tex].

[tex]P_{3}[/tex] are those who have a graduate degree and hold a management position. So [tex]P_{3} = 0.1*0.85 = 0.085[/tex]

Finally

[tex]P = P_{1} + P_{2} + P_{3} = 0.02 + 0.52 + 0.085 = 0.625[/tex].

62.5% of employees hold management positions