Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) A small company is divided in four departments: Sales (S), Customer Services (CS), Marketing (M), and Admin (A). In each there is staff and

1) A small company is divided in four departments: Sales (S), Customer Services (CS), Marketing (M), and Admin (A). In each there is staff and managers. Given the following table of percentages, what is the probability that a randomly selected employee, known to be in the Marketing department, is staff? S CS M A Staff 35.1% 30.2% 19.2% 4.5% Managers 4.9% 3.8% 1.8% 0.5% 0.89 0.21 0.857 0.914 For the problem in question 1, what is the probability that a randomly selected staff employee is in Sales department? 0.394 0.445 0.351 0.40 For the problem in question 1, what is the probability that a randomly selected employee is in the sales or in the marketing department? 0.50 0.610 0.067 0.543 2) The Global Competitiveness Index (GCI) is yearly published by the World Economic Forum, integrating macroeconomic and micro/business aspects of competitiveness. Please use the following data to complete the following question. We want to examine how we might have used 2016 to predict 2017. Describe the association between the indices. Count ry Index_2 016 Index_2 017 1 116.4 120.8 2 125.5 129.8 3 107.7 110.3 4 100.4 108.4 5 106.6 118.4 6 115.7 118.4 7 96.2 103.5 8 110.3 110.8 9 101.8 110.5 10 99.1 100.7 11 121.9 126 12 117.6 119.6 13 110 121.6 14 116.9 126.8 15 109.6 118.6 16 97.1 105.5 17 94.2 101.9 18 119.5 125.6 19 117.7 126.4 20 103.3 111.5 The association between the GCI in 2017 and 2016 is positive, linear, and weak. The association between the GCI in 2017 and 2016 is negative, linear, and weak. The association between the GCI in 2017 and 2016 is negative, linear, and strong. The association between the GCI in 2017 and 2016 is positive, linear, and strong. For the problem in question 2, what percentage of the variability in the dependent variable is explained by the independent variable? 100% 93.26% 86.98% 90.68%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to the Mathematics of Financial Derivatives

Authors: Ali Hirsa, Salih N. Neftci

3rd edition

012384682X, 978-0123846822

More Books

Students also viewed these Mathematics questions