Given the Contingency Table Shown Here, Find P(W | M)

question 114

Multiple Choice

Given the contingency table shown here, find P(W | M) . Survey question: Do you plan on retiring or keep working when you turn 65? $$\begin{array} { | l | c | c | c | } \hline\text { Employee } & \text { Retire } ( R ) & \text { Work } ( W ) & \text { Total }\\\hline \text { Management } ( M ) & 13 & 18 &31 \\\hline \text { Line worker } ( L ) & 39 & 54 & 93 \\\hline \text { Total } & 52 & 72 & 124\\\hline\end{array}$$

• A).145
• B).250
• C).581
• D).687

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Definitions:

External Supply

The resources or workforce a company hires or acquires from outside its existing operations to fulfill its needs.

Internal Supply

The availability of resources, talent, or inventory within an organization to meet its needs.

Markov Model

A statistical model used to predict the probability of different states or events based on current conditions, often used in decision-making processes.

Movements/Changes

The evolution or shift in processes, strategies, or positions within an organization, aimed at adaptation or improvement.