Each Manager of a Corporation Was Rated as Being Either $\quad$

question 274

Short Answer

Each manager of a corporation was rated as being either a good, fair, or poor manager by his/her boss. The manager's educational background was also noted. The data appear below: $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\text { Educational Background }$
$\begin{array}{l|cccc|c}\text { Manager }\\\text { Rating } & \text { H. S. Degree } & \text { Some College } & \text { College Degree } & \text { Master's or Ph.D. } & \text { Total } \\\hline \text { Good } &2 & 8 & 24 & 5 & 39 \\\text { Fair } & 3 & 15 & 49 & 20 & 87 \\\text { Poor } & 1 & 9 & 6 &18 & 34 \\\hline \text { Total } & 6 & 32 & 79&43 & 160\end{array}$

If we randomly selected one manager from this company, find the probability that he or she has an advanced (Master's or Ph.D.) degree and is a good manager.
A) $\frac { 1 } { 32 }$

B) $\frac { 29 } { 40 }$

C) $\frac { 41 } { 80 }$

D) $\frac { 31 } { 32 }$

• A) \(\frac { 1 } { 32 }\)
• B) \(\frac { 29 } { 40 }\)
• C) \(\frac { 41 } { 80 }\)
• D) \(\frac { 31 } { 32 }\)

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Definitions:

Brand-Leadership Strategy

Strategic approach focusing on establishing a brand as a leader in its category or market through marketing, innovation, and consumer engagement.

Diversifies

The act of expanding or varying products, investments, or activities to spread or reduce risk, or to increase the range of operations.

Brand Name

The name given to a product or service by its manufacturer or provider, used for identification and marketing purposes.

Knowledge Management

The process of capturing, distributing, and effectively using knowledge within an organization.