The Managers of a Corporation Were Surveyed to Determine the Background

question 75

Multiple Choice

The managers of a corporation were surveyed to determine the background that leads to a successful manager.Each manager was rated as being either a good, fair, or poor manager by his/her boss. The manager?seducational background was also noted. The data appear below. Given that a manager is only a fair manager,what is the probability that this manager has no college background? $\begin{array}{l}\text {\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad Educational Background }\\\begin{array} { r | c c c c | c } \begin{array} { c } \text { Manager } \\\text { Rating }\end{array} & \text { H. S. Degree } & \text { Some College } & \text { College Degree } & \text { Master's or Ph.D. } & \text { Totals } \\\hline \text { Good } & 8 & 3 & 22 & 6 & 39 \\\text { Fair } & 7 & 11 & 44 & 25 & 87 \\\text { Poor } & 2 & 4 & 1 & 27 & 34 \\\hline \text { Totals } & 17 & 18 & 67 & 58 & 160\end{array}\end{array}$

• A) \(\frac { 7 } { 87 }\)
• B) \(\frac { 7 } { 17 }\)
• C) \(\frac { 7 } { 160 }\)
• D) \(\frac { 97 } { 160 }\)

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Definitions:

Intra-entity Transfers

Transactions of goods, services, or resources between departments or divisions within the same parent legal entity.

Noncontrolling Interest

A minority stake in a company where the shareholder does not have enough shares to control company decisions, often represented in the equity section of the parent company's balance sheet.

Consolidation

Consolidation involves combining the financial statements of multiple subsidiaries or businesses into a single, aggregated set of financial statements for the parent company.