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Analysis of Past Recruiting Records Indicate That Only 1 in 5

question 85

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Analysis of past recruiting records indicate that only 1 in 5 recruits are selected for sales positions and that of those selected only 50% accept an offer. If the firm wants to hire 5 new people, at least how many people should they recruit?

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Definitions:

Sales or Lease Contract

A legal agreement where a seller agrees to transfer the ownership of goods to a buyer for a price, or a lessor agrees to grant the use of a property to a lessee for a specified period in return for payment.

Provision

A specific condition or requirement outlined in a legal document, contract, or agreement.

Express Warranty

An express warranty is a seller's promise or guarantee that a product will meet a certain quality or functionality standard.

Value or Worth

The importance, usefulness, or monetary valuation of something, often subject to change based on market demand or condition.

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