Examlex

Solved

Every Current Applicant for a Position in the Marketing Department

question 102

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:

Rollout

Rollout is the process of introducing a new product, service, or policy to the market or public, often following a comprehensive plan to ensure widespread awareness and accessibility.

Permanent Implementation

The act of applying a method, policy, or system in a way that is intended to last indefinitely without change.

Investigation

The systematic and detailed examination of factors, events, or data.

Business Processes

A set of connected tasks or activities that once completed will accomplish a specific organizational goal.

Related Questions