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 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%

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

MIS Essentials

Authors: David M Kroenke

1st Edition

0136075606, 9780136075608

More Books

Students also viewed these General Management questions

Question

How has health psychology expanded into traditional health fields?

Answered: 1 week ago

Question

2. Develop a good and lasting relationship

Answered: 1 week ago

Question

1. Avoid conflicts in the relationship

Answered: 1 week ago