THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 52

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Three airlines serve a small town in Indiana.Airline A has 60% of all the scheduled flights,airline B has 30%,and airline C has the remaining 10%.Their on-time rates are 80%,60%,and 49% respectively.Define event D as an airline arrives on time.
-Calculate the probability that a plane leaves on time.

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Definitions:

Firm-specific Human Capital

Knowledge, skills, and abilities acquired by employees that are uniquely valuable to a specific firm or organization.

Process Knowledge

Refers to an understanding of the sequence, methods, and nuances involved in carrying out specific procedures or tasks within an organization.

Job Analysis

The process of determining the duties, responsibilities, and qualifications of a job in order to create job descriptions, job specifications, and performance standards.

Abilities

The skills or competencies individuals possess, which enable them to perform specific tasks effectively.