Each Manager of a Corporation Was Rated as Being Either $\frac { 31 } { 32 }$

question 14

Multiple Choice

Each manager of a corporation was rated as being either a good, fair, or poor manager by his/her boss. The managerʹs educational background was also noted. The data appear below:

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) \(\frac { 31 } { 32 }\)
• B) \(\frac { 1 } { 32 }\)
• C) \(\frac { 83 } { 160 }\)
• D) \(\frac { 117 } { 160 }\)

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Definitions:

Little Return

A situation where an investment yields a minimal profit, often below the expectations of the investor.

Low Level of Cash

This term indicates a situation where a business or individual has minimal amounts of liquid assets or money on hand.

Precautionary Demand

The desire to hold cash or liquid assets to guard against unexpected events.

Payments to Vendors

Money transfers made by a business to its suppliers for goods or services received.