Each Salesperson in a Large Department Store Chain Is Rated

question 1

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 will have an excellent potential for advancement given they also have average sales ability?

• A) 0.27
• B) 0.30
• C) 0.404
• D) 0.45

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), showing the fraction of income that is paid in taxes.

Licensing Fees

Payments made by a user to an owner for the right to use intellectual property, such as patents, trademarks, or copyright material.

Ability-To-Pay Principle

A principle of taxation asserting that taxes should be levied according to an individual’s or entity’s capacity to pay.

Federal Employees

Individuals who work for the government of a federal state and are often subject to specific employment and benefits regulations.