Assignment 1 1. Each salesperson at Puchett, Sheets, and Hogan Insurance Agency is rated either below average, average, or above average with respect to sales ability. Each salesperson also is rated with respect to his or her potential for advancement -either fair, good, or excellent. These traits for the 500 salespeople were cross-classified into the following table. Sales Ability Below Average Average Above Average Potential For Advancement Good 12 60 72 Fair 16 45 93 Excellent 22 45 135 a) What is this table called? b) What is the probability a salesperson selected at random will have above average sales ability and excellent potential for advancement? c) Construct a tree diagram showing all the probabilities, conditional probabilities, and joint probabilities.

Assignment 1 1. Each salesperson at Puchett, Sheets, and Hogan Insurance Agency is rated either below average, average, or above average with respect to sales ability. Each salesperson also is rated with respect to his or her potential for advancement - either fair, good, or excellent. These traits for the 500 salespeople were cross-classified into the following table. a) What is this table called? b) What is the probability a salesperson selected at random will have above average sales ability and excellent potential for advancement? c) Construct a tree diagram showing all the probabilities, conditional probabilities, and joint probabilities. 1. the folowing uble shows some of the cost of production of a manufacturine compams. a). Complete the takle e) Whistis the vilue of tarai fines coes? A What a the mot priducse ievel ol eutpuc? twated? The following table shows some of the cost of production of a manufacturing company. a) Complete the table. b) What is the value of total fixed cost? c) What is the most productive level of output? d) At what output is at economic capacity? e) What is the additional variable cost (Marginal cost) of 8th unit if total fixed cost is doubled