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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 85.00% of the suppliers she deals with are competent based on historic but inconclusive findings. The consulting firm is 90.00% accurate in predicting a supplier is competent when the supplier is actually competent. However, the firm is 92.00% 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. None of the answers b. 55.74% c. 15.28% d. 84.72% e. 44.26%
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