Each Salesperson in a Large Department Store Chain Is Rated

question 5

Multiple Choice

Each salesperson in a large department store chain is rated on their sales ability and their potential for advancement. The data for the 500 sampled salespeople are summarized in the following table. What is the probability that a salesperson selected at random has above average sales ability and is an excellent potential for advancement?

• A) 0.20
• B) 0.50
• C) 0.27
• D) 0.75

Understand the components and functions of the open-economy macroeconomic model.

Analyze the relationship between national saving, domestic investment, and net capital outflows.

Assess the impact of real interest rates on national saving and investment behaviors.

Evaluate the effects of fiscal and trade policies on the trade balance and net capital outflows.

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Definitions:

Motion Picture Patents Company

An early film industry trust formed in 1908 by nine of the major film companies of the time, often criticized for its monopolistic practices.

Industrial Patents

Legal documents granted to inventors or assignees that provide exclusive rights to use, make, and sell an invention for a set period of time.

Sync-Sound Technology

Technology used in filmmaking that synchronizes the audio recording with the motion picture image, allowing for sound and picture to be recorded simultaneously.

Motion Picture Patent Company

An early American film industry trust, formed in 1908, that held patents essential for movie production and sought to control film distribution.