Each Salesperson in a Large Department Store Chain Is Rated

question 68

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 below average sales ability and fair potential for advancement?

• A)0.032
• B)0.10
• C)0.16
• D)0.32

---

Definitions:

Pollution Permits

Licenses that allow the holder to emit a certain amount of pollution over a set time frame. They are used as part of regulatory systems to control and reduce overall pollution.

Environmental Economics

A branch of economics that studies the economic impact of environmental policies and the cost-benefit analysis of environmental changes.

Externalities

Financial implications or outcomes that impact parties not directly involved, which can either be beneficial or detrimental.

Econometric Modeling

Econometric modeling involves the use of statistical techniques to analyze economic data, helping to forecast future trends and understanding economic relationships.