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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A personnel officer for a firm that employs many part time salespeople tries out a sales aptitude test on several hundred applicants.Because the test is unproven,results are not used in hiring.Forty percent of applicants show high aptitude on the test and 12% of those hired both show high and achieve good sales records.The firm's experience shows that 30% of all salespeople achieve good sales.Let A be the event "shows high aptitude" and let B be the event "achieves good sales".
-What is P(A ∩B)?
Single Product
Refers to a business or production strategy focusing on the manufacture or sale of only one type of product.
Majority of Demand
Typically refers to the largest portion of demand for a product or service, usually indicating the most common or frequent customer request or need.
Tailored Postponement
A supply chain strategy that delays the final production or distribution of a product until customer requirements are fully understood.
Production
The process of creating goods and services through the combination of labor, materials, technologies, and strategies.
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