What is the probability that a salesperson selected

Assignment Help Marketing Management
Reference no: EM133530315

Case: Each salesperson at the wang, stevens, and Adams insurance agency is rated either below average , average or above average with respect to sales ability. Each salesperson is also rated with respect to his or her potential for advancement-either fair, good excellent. These triats are for the 500 salespersons were cross classified into the following table

Potential for advancement

Sales ability  Fair  good excellent
Below avarage 16 12 22
average 45 60 45
Above average 93 72 135

Question: Provide answer in percent form. Round to the nearest tents. XX.X%. what is the probability that a salesperson selected at random has either fair potential or above-average sales ability

Reference no: EM133530315

Questions Cloud

Discuss the Presidential Election : Discuss the Presidential Election of 2000. Who were the candidates, what were the issues involved in determining the outcome of the election?
Define the most common distribution channels : What factors influenced companies to select the distribution channel? What are the advantages and disadvantages of each of the companies' distribution channels
Why do you think water is important for the body : Why do you think water is important for the body? How much nutrition science is used in your justifications? Propose some additional questions that you might
How does the themes of gender roles-power dynamics : How does the themes of gender roles, power dynamics, and societal expectations presented in "Girl" by Jamaica Kincaid.
What is the probability that a salesperson selected : what is the probability that a salesperson selected at random has either fair potential or above-average sales ability
Which vitamins or supplements do you hear the most about : Which vitamins or supplements do you hear the most about? How do you decide if the information you receive is based in nutrition science or not?
Create a graphic organizer that evaluates the case : Create a graphic organizer that evaluates this case from arrest to trial identifying the different responsibilities of the participants in the judicial process.
What is the probability that none of these vehicles : What is the probability that none of these vehicles require warranty services? Provide exact number including the decimal point from the binomial table
What sorts of reasons are given for the benefits : Share some of the recommendations you have heard of. How are they the same? How are they different? What sorts of reasons are given for the benefits

Reviews

Write a Review

Marketing Management Questions & Answers

  Illustrate the value of good market research

One of the best ways to illustrate the value of good market research and the importance of applying the results of market research to your marketing strategy is

  Importance of identifying a pricing objective

From the simulation, you learned about the importance of identifying a pricing objective before developing the pricing strategy. OatHealth is a brand of oatmeal marketed by Health And You all over the U.S

  Reasons why brands do not exist in isolation

Based on your review of the Learnscape scenario titled "Learnscape 3: Recover and Retention", explain the fundamental reasons why brands do not exist in isolation but do exist in larger environments that include other brands

  How can the artist use cryptocurrency

How can the artist use Cryptocurrency for their Brand Development?

  Decision rules & the steps of decision making

Two pages talking about decision making & make sure to include what is Decision making, Decision rules & the steps of decision making1) Problem identify. 2) Info search. 3) Evaluation alternatives 4) product choice 5) Consumption and learning.

  Discuss a pontential market opportunity

With reference to a business of your choice, identify and discuss a pontential market opportunity, from startegic marketing perspective.

  Distinguish between a strategy and a marketing program

Distinguish between a strategy, a marketing plan, and a marketing program, illustrating for a local retailer.

  Customer retention and development strategies

When considering Customer Retention and Development strategies, it is important to align customer value with Offense or Defense Tactics.

  Apply the decision-making process in the purchase

Select one of the following vehicle brands: Audi, BMW, Buick, Cadillac, Dodge, Ford, GMC, Honda, Jeep, or Nissan.In a minimum of 700 words (excluding the title and reference pages), in APA FORMAT with a minimum of three references, explain how you wi..

  What would be examples of united airlines

What would be examples of United Airlines socio-cultural environment outside of the company?

  Determine a potential market for this product

In a concise manner, describe to executive management the data you will analyze to determine a potential market for this product

  Please prepare a description of the marketing and

marketing and competitive strategyplease prepare a description of the marketing and competitive strategy for the

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