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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The joint probabilities shown in a table with two rows,A1 and A2,and two columns,B1 and B2 are as follows: P(A1 ∩ B1) = 0.10,P(A1 ∩ B2) = 0.30,P(A2 ∩ B1) = 0.05,P(A2 ∩ B2) = 0.55
-What is P(A1|B1) ,rounded to two decimals?
Compensating
Offering something, typically money, to make up for loss, suffering, or injury, or to balance out a perceived deficiency in a business transaction.
Evaluating
The process of making judgments about the value, performance, or quality of a product, service, or outcome.
Personal Selling Process
The series of steps salespeople follow when selling a product or service, including prospecting, approaching, presenting, handling objections, closing, and follow-up.
Preapproach
In the personal selling process, occurs prior to meeting the customer for the first time and extends the qualification of leads procedure; in this step, the salesperson conducts additional research and develops plans for meeting with the customer.
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