Each Salesperson in a Large Department Store Chain Is Rated

question 79

Multiple Choice

Each salesperson in a large department store chain is rated on his or her sales ability and 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 he or she also has average sales ability?

• A)0.27
• B)0.30
• C)0.404
• D)0.45

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Definitions:

Strategic Planning

A systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.

Labor Surplus

A situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

Compensation Costs

Expenses related to paying employees, including wages, salaries, bonuses, benefits, and any other form of remuneration.

Technological Changes

Refers to the advancements and innovations in technology that impact how activities are performed in various domains.