Every Current Applicant for a Position in the Marketing Department

question 82

Short Answer

Every current applicant for a position in the marketing department of Company A is given a 10-question test on interpretation of findings from statistical analyses. Individuals are rated on three levels based on their scores: Excellent (9-10 correct), Average (5-8 correct), and Poor (fewer than 5 correct). Historically, the probability of an individual scoring Excellent = .38, Average = .52, and Poor = .10. Also, the company knows that 90 percent of applicants who score Excellent are offered a position, 75 percent of applicants who score Average are offered a position, and 35 percent of the applicants who score Poor are offered a position. What is the probability that an individual who is offered a position has an Excellent score?

---

Definitions:

Bonus

Additional compensation given to employees as a reward for their performance or as an incentive.

Bilateral Contract

A legal agreement in which each of the parties to the contract makes a promise to the other or undertakes a certain obligation.

Unilateral Contract

An agreement where one party makes a promise, but the other side does not reciprocate with a promise but with an action.

Internet Communication

The exchange of information or messages between users through the internet, utilizing various platforms and technologies.