Each Salesperson in a Large Department Store Chain Is Rated

question 134

Multiple Choice

Each salesperson in a large department store chain is rated with respect to sales potential for
Advancement. These traits for the 500 salespeople were cross-classified into the following table:
What is the probability that the selected salesperson has above average sales ability?

• A) 50/500
• B) 150/500
• C) 300/500
• D) 16/50
• E) 154/500

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Definitions:

Client-Visits

The act of meeting clients in person for business purposes, such as providing services, building relationships, or making sales.

Flexible Budget

A budget that adjusts or flexes with changes in the level of activity or volume of production.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries of production supervisors, not directly tied to the production of an individual product.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, often analyzed in budgeting and cost control.