Each Salesperson in a Large Department Store Chain Is Rated

question 13

Multiple Choice

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.

-What is the probability that a salesperson selected at random will have average sales ability and good potential for advancement?

• A)0.09
• B)0.12
• C)0.30
• D)0.525

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Definitions:

Economic Benefits

The gains derived from actions or decisions, typically measured in terms of revenue or income generated or costs saved.

Service Potential

The capacity or capability of an asset, especially a non-financial asset, to provide services or benefits over its useful life.

Capitalization of Interest

The process of adding accumulated interest to the principal balance of a loan, which then earns further interest.

Construction

The process or art of building structures, such as buildings, bridges, or roads.