Answer to Question #136041 in Statistics and Probability for Teddy

Question

Firm A employs many analysts and tries out a quantitative skill test on several hundred applicants. Because the test is unproven, results are not used in hiring. 40% of applicants show high aptitude on the test and 12% of those hired both show high aptitude on the test and achieve good job performances. The firm’s experience shows that 30% of all analysts achieve good job performance.

Answer 1

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