A Market Survey Shows That 50% of the Population Used

question 153

Short Answer

A market survey shows that 50% of the population used Brand Z computers last year, 6% of the population quit their jobs last year, and 3% of the population used Brand Z computers and then quit their jobs. Are the events of using Brand Z computers and quitting your job independent

Is a user of Brand Z computers more or less likely to quit a job than a randomly chosen person

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Definitions:

Market Niches

Specialized segments of the market catered to by businesses providing unique or narrowly focused products or services.

Vendor Checklist

A detailed list of criteria and requirements used to evaluate and select third-party vendors or suppliers.

Outsourcing Problems

Challenges encountered when tasks or services are contracted out to external suppliers, including quality control, communication barriers, and loss of managerial control.

Vendor Incompetence

The inability of a supplier or service provider to meet contractual obligations or expected performance standards.