Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A consulting firm performs a competency test on suppliers to see if they can actually meet quality and delivery standards. The competency test results in

A consulting firm performs a competency test on suppliers to see if they can actually meet quality and delivery standards. The competency test results in a competent (pass) or non-competent (fail) score. A supply chain specialist assumes that 65.00% of the suppliers she deals with are competent based on historic but inconclusive findings. The consulting firm is 88.00% accurate in predicting a supplier is competent when the supplier is actually competent. However, the firm is 86.00% accurate in predicting a supplier is competent when the supplier is actually not competent. What is the likelihood of a supplier passing the competency test but yet not being competent? Select one: a. 22.44% b. 34.48% c. None of the answers d. 66.88% e. 38.97%

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

Step: 3

blur-text-image

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

Understanding Management

Authors: Richard L Daft, Dorothy Marcic

6th Edition

9780324581782, 324581785, 978-0324568387

More Books

Students also viewed these General Management questions