Question: Three persons A, B and C apply for a job of Manager in a Private Company. Chances of their selection (A, B and C) are

Three persons A, B and C apply for a job of Manager in a Private Company. Chances of their selection (A, B and C) are in the ratio 1 : 2 : 4. The probabilities that A, B and C can introduce changes to improve profits of the company are 0.8, 0.5 and 0.3 respectively. If the change does not take place, find the probability that it is due to the appointment of C.

Step by Step Solution

★★★★★

3.49 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The detailed answer for the above question is provided be... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

If a sale does not take place within one year, can an asset (or disposal group) still be classified as held for sale in accordance with HKFRS 5? 1. Yes. If the delay has been caused by events or...

Which of the following transactions does not take place in a market for a factor of production? a. Karl provides plumbing services for a plumbing company and receives an hourly wage from the company...

Evaluate the cross products A Ã B and C Ã D. (b) (a) A 45/ FIGURE EX12.37

1. You are currently working on a contract for one of your clients, MAC Co. Consistent with your other clients, you have decided to account for the contract using the percentage of completion method....

1.Support function that designs and implements company policies for managing employees: A. Work Design B. HR manager C. HR department D. Organizational culture 2. Which of the following is not one of...

2.2 51 Summarizing Data for a Quantitative Variable Exercises Methods 11. Consider the following data. WEB 14 19 24 19 16 20 24 20 file Frequency a. b. SELF test 21 22 24 18 17 23 26 22 23 25 25 19...

financial SUBDOMAINS: 325.4 COMMUNICATING EFFECTIVELY IN ORGANIZATIONS 326.1 MANAGING INTERNAL COST & CONTROLLING FINANCES 326.2 MANAGING CAPITAL & FINANCIAL ASSETS 326.4 MANAGING ENTERPRISE RISK &...

1. (Points: 1) With respect to a corporation, select the statement that is correct. a. Its organization requires an approved charter which is governed by state law. b. Ownership rights to the...

1. (Points: 1) Managerial accounting: 2. (TCO F) The Colorado Company manufactures a product that goes through three processing departments. Information relating to activity in the first department...

P L E A E A N S W E R T H E F O L LO W I N G M AT H Q U E S T I O N S . QUESTION 1 1. Find the simple interest on a $400 investment made for 5 years at an interest rate of 7%/year. What is the...

What is a lock, and how, in general, does it work?

A shipment of assorted nuts is labeled as having 45% walnuts, 20% hazelnuts, 20% almonds, and 15% pistachios. By randomly picking several scoops of nuts from this shipment, an inspector finds the...

Which of these is not a reason for customers to not want a relationship with a supplier? Question 1 options: a ) Customer has relational orientation. b ) Fear of dependency. c ) Lack of confidence in...

The following information is available for Raleigh Company: Expected sales volume: Additional information: a. Each month 70% of sales are collected by month-end; the remaining 30% are collected in...

Purchase Commitments at December 31, 2011, Volkan Company has outstanding non-cancelable purchase commitments for 40,000 gallons, at $3.00 per gallon, of raw material to be used in its manufacturing...

Premium Entries and Financial Statement Presentation Sycamore Candy Company offers a CD single as a premium for every five candy bar wrappers presented by customers together with $2.50. The candy...

Suppose the worker in Exercise 6.3 pushes downward at an angle of 30 below the horizontal. (a) What magnitude of force must the worker apply to move the crate at constant velocity? (b) How much work...

Dillo Vineyards, a large winery in Texas, produces a full line of varietal wines. The company, whose fiscal year begins on November 1, has just completed a record-breaking year. Its inventory account...

What was the percentage of violent victimizations reported to police in 2021? Question 8 options: 46 percent 35 percent 20 percent 50

The directors of The Healthy Eating Group (HEG), a successful restaurant chain, which commenced trading in 1998, have decided to enter the sandwich market in Homeland, its country of operation. It...

Your company is considering investing in its own transport fleet. The present position is that carriage is contracted to an outside organization. The life of the transport fleet would be five years,...

A company has two products with the following unit costs for a period: Production and sales of the two products for the period were Production was at normal levels. Unit costs in opening stock were...

Suppose that S is a subset of m units from U, and suppose S has mh units from stratum h, for h = 1, . . . , H. Let Zi = 1 if unit i is selected to be in the final sample and 0 otherwise; similarly,...

Dunn et al. (1999) discuss issues in analyzing two-phase data to estimate prevalence of psychiatric disorders. Participants in a phase I sample were given the General Health Questionnaire (GHQ) and...

Bart and Earnst (2002) describe the use of two-phase sampling with ratio estimation to estimate the density of nesting birds. The phase I sample, selected from the 2130 plots in the region of...