Two methods, A and B, are available for teaching a certain industrial skill. There is an 80% chance of successfully learning the skill if method A is used, and a 95% chance of success if method B is used. However, method B is substantially more expensive and is therefore used only 25% of the time (method A is used the other 75% of the time).
Required:
a. What is the probability that a worker will learn the skill successfully?
b. What is the probability that Method A was used?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Two methods, A and B, are available for teaching a certain industrial skill. There is an 80% chance of successfully learning the skill if ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In each of the following situations, state whether the bonds will sell at a premium or discount. Required a. Valley issued $300,000 of bonds with a stated interest rate of 7 percent.
Answers (1)
Read this selection from the opening of an application message, and then answer the corresponding question. I recently heard about an entry-level position with your company.
Answers (1)
13 chocalate bars cost 21 dollars. How many candy bars can you get with 1 dollar?
Answers (1)
If the tax laws were changed so that $0.50 out of every $1.00 of interest paid by a corporation was allowed as a tax-deductible expense, this would probably encourage companies to use more debt financing than they presently do, other things held
Answers (1)
Sharidan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, expenses of $380000, and paid dividends of $141500.
Answers (1)
New Questions in Business
Button Transportation purchases many pieces of office furniture with an individual cost below $200 each.
Answers (1)
Which of the following statements is most consistent with efficient inventory management? The firm has a: a. low incidence of production schedule disruptions. b. below average total assets turnover ratio. c. relatively high current ratio.
Answers (1)
Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet.
Answers (1)
Select all the correct answers Amber is writing to an accountant that she would like to interview to gain information about the career field. What information should she include in her letter? A.
Answers (2)
What is the acid-test ratio for a merchant with the following account balances? (Round your answer to two decimal places.
Answers (2)