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The Table Shows the Results of a Survey of 100

question 168

Essay

The table shows the results of a survey of 100 authors by a publishing company. Compute the conditional probability: An unsuccessful author is established.  New Authors  Established  Authors  Total  Successful 52631 Unsuccessful 145569 Total 1981100\begin{array} { | l | l | l | l | } \hline & \text { New Authors } & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 5 & 26 & 31 \\\hline \text { Unsuccessful } & 14 & 55 & 69 \\\hline \text { Total } & 19 & 81 & 100 \\\hline\end{array}


Definitions:

Participative Decision Making

A decision-making process whereby employees at all levels are involved in contributing to the development of decisions.

Performance Standards

Specific criteria and benchmarks set to measure the efficiency, effectiveness, and quality of work performed or services provided.

Uniqueness

Uniqueness pertains to the distinct characteristics or features that set a product, service, or entity apart from its competitors, providing a competitive advantage or unique selling proposition.

Successful Implementation

The effective execution of strategies and plans, resulting in the achievement of an organization's objectives and goals.

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