Each Salesperson in a Large Department Store Chain Is Rated

question 52

Multiple Choice

Each salesperson in a large department store chain is rated with respect to sales potential for advancement. These traits for the 500 salespeople were cross classified into the following table. What is the probability that a salesperson selected at random will have below average sales ability and fair potential for advancement?

• A) 0.032
• B) 0.10
• C) 0.16
• D) 0.32

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Definitions:

Company's Benefits

The range of perks and supports offered by an employer to its employees, which may include health insurance, retirement plans, and paid time off.

Retirement Plans

Financial strategies or programs that allow individuals to save for their retirement, often with contributions from employers.

Union Demands

Requests or requirements issued by a labor union on behalf of its members, often relating to wages, working conditions, and benefits during negotiations.

Pension Benefits Standards Act

A federal act regulating pension plans in industries under the jurisdiction of the Government of Canada.