Question
: Use the following to answer the questions: Each salesperson in a large department store chain is rated on their sales ability and their potential
: Use the following to answer the questions:
Each salesperson in a large department store chain is rated on their sales ability and their potential for advancement. The data for the 500 sampled salespeople are summarized in the following table.
Potential for Advancement
Fair Good Excellent
Below Averag 16 12 22
Average 45 60 45
Above Averag 93 72 135
a)What is the probability that a salesperson selected at random has above average sales ability and is an excellent potential for advancement?
b)What is the probability that a salesperson selected at random will have average sales ability and good potential for advancement?
c)What is the probability that a salesperson selected at random will have below average sales ability and fair potential for advancement?
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
