Each Salesperson in a Large Department Store Chain Is Rated

question 43

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 above average sales ability?

• A) 0.27
• B) 0.60
• C) 0.404
• D) 0.45

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Definitions:

Financial Plan

A detailed strategy outlining an individual's or organization's financial goals and the means and timeline for achieving them.

Pro Forma Sales Forecasts

Pro forma sales forecasts are projected financial statements showing expected sales revenue, often used for planning and investment assessment.

Pro Forma Statements

Financial statements that project a company's financial performance in the future, based on certain assumptions and adding or excluding non-recurring items.

Anticipated Rate of Growth

The expected annual increase in a company's revenue or profit, often expressed as a percentage.