An Insurance Company Has Collected the Following Data on the Gender

question 60

Multiple Choice

An insurance company has collected the following data on the gender and marital status of 400
Customers.
Suppose that a customer is selected at random. Find the probability that the customer selected is
Married if the customer is male.

• A) 125/240
• B) 175/400
• C) 125/175
• D) 175/240

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Definitions:

Excellent Customer Service

High-quality support and service provided to customers, focusing on meeting their needs and ensuring their satisfaction.

Macro Strategy

High-level approaches and objectives focused on overall goals and financial performance of an organization or economy.

Operational Excellence

Involves a firm’s focus on efficient operations and excellent supply chain management.

Market Share

The percentage of an industry's sales that a particular company secures over a specific time period.