What is your evaluation of the training program

Assignment Help Basic Statistics
Reference no: EM13880480

In the evaluation of a sales training program, a firm discovered that of 50 salespeople receiving a bonus last year, 20 had attended a special sales training program. The firm employs 200 salespeople. Let B=the event that a salesperson makes a bonus and S=the event that a salesperson attends the sales training program.

a. Find P(B), P(S), and P(SnB).

b. Assume that 40% of the salespeople attended the training program. What is the probability that a sales person makes a bonus given that the salesperson attended the sales training program, P(B | S)?

c. If the firm evaluates the training program in terms of its effect on the probability of a salesperson's receiving a bonus, what is your evaluation of the training program? Comment on whether B and S are dependent or independent events.

Reference no: EM13880480

Questions Cloud

Evaluate the current ratio of mister ribs restaurant : Refer to M2- 23. Evaluate whether the current ratio of Mister Ribs Restaurant will increase or decrease as a result of the following transactions. Consider each item, (a)-( d), independent of the others. a. Paid $ 2,000 cash for a new oven. b. Receiv..
Lease agreement calls for quarterly lease payments : 1.A lease agreement calls for quarterly lease payments of $5,376 over a 10 year lease term, with the first payment at July 1, the lease's inception.
Turbine blade of characteristic length : Experiments have shown that, for airflow at T8 = 35°C and V1 = 100 m/s, the rate of heat transfer from a turbine blade of characteristic length L1 = 0.15 m and surface temperature Ts, 1 = 300°C is q1 = 1500 W.
What is your evaluation of the training program : If the firm evaluates the training program in terms of its effect on the probability of a salesperson's receiving a bonus, what is your evaluation of the training program?
Does either hospital have a dominant strategy : What general economic reasons might there be for a hospital merger to generate an increase in total profit? Would the hospitals' customers be likely to benefit from the merger? Under what circumstances? Explain carefully.
What is probability that auditor select individual return : What is the probability that the auditor will select an individual return from the 1040A, Income Under $25,000 category? What is the probability that the selected return did not use Schedule C?
Manning imports is contemplating an agreement to lease : 1.Manning Imports is contemplating an agreement to lease equipment to a customer for five years, the asset's estimated useful life. Manning
Determine whether the current ratio will increase decrease : BSO, Inc. has current assets of $ 1,000,000 and current liabilities of $ 500,000, resulting in a cur-rent ratio of 2.0. For each of the following transactions, determine whether the current ratio will increase, decrease, or remain the same. Consider ..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Urn a has 12 white and 16 red balls urn b has 3 white and

urn a has 12 white and 16 red balls. urn b has 3 white and 8 red balls. we flip a fair coin. if the oucome is heads

  Use the excel template for this model to check the current

the friendly neighbor grocery store has a single checkout stand with a full-time cashier. customers arrive randomly at

  If the last digit of a weight measurement is equally likely

if the last digit of a weight measurement is equally likely to be any of the digits 0 through 9. round your answers to

  Exploratory data analysis

Perform exploratory data analysis on all variables in the data set. Realizing that you have six groups, be sure that your exploratory analysis is broken down by group. When possible, include appropriate graphs to help illustrate the dataset.

  Define population 1 as dallas and population 2 as houston

discover card would like to test the hypothesis that the average credit score for an adult in dallas is different from

  Probability-probability distributions

In a certain town, 60% of adults have a college degree. The accompanying table describes the probability distribution for the number of adults

  Develop a regression model to predict the price of stock 1

the closing stock price for each of two stocks was recorded over a 12-month period. the closing price for the dow jones

  A coin is chosen at random from the lot and tossed it

one coin in a collection of 25 has two heads both sides are heads. the rest are fair one h and one t. a coin is

  Information about z-score

The mean statistic test scores is 64 and the standard deviation is 6.0. For the biology test scores, the mean is 25 and the standard deviation is

  An article recommended the following estimated regression

an article recommended the following estimated regression equation for relating y vo2max lmin a measure of

  Calculate the standard score

Consider a normal population with µ = 25 and σ = 7.0. (A) Calculate the standard score for a value x of 23.

  Find probability that crew member earns in range per hour

What is the probability the crew member earns: a. Between $20.50 and $24.00 per hour? b. More than $24.00 per hour? c. Less than $19.00 per hour?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd