Use the Information Below to Answer the Following Question(s)

question 14

Multiple Choice

Use the information below to answer the following question(s)
Misty Inc. launches a new range of perfumes for men and women. The probability of high consumer demand for the product is 0.6 and low consumer demand is 0.4. The probability of a favorable survey response given high consumer demand is 0.9 and the probability of a favorable survey response given low consumer demand is 0.2.
-What is the likelihood for high demand knowing that the market report is favorable?

• A) 84%
• B) 90%
• C) 87%
• D) 80%

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Definitions:

Job Responsibilities

The specific tasks, duties, and functions an employee is expected to perform in their role within an organization.

Geographic Area

A specified region or space defined for purposes of geography, demography, or jurisdiction.

Occupational Group

A category of jobs that involve similar tasks, require similar skills, and are often found within the same industry or sector.

Annual Increase

Annual increase often refers to the yearly raise in salary or wages given to employees based on performance, seniority, or inflation adjustments.