Question

Question 2 Basic Probability: Each question is worth 2 marks - Total Business makes a profit Business makes a loss International Manager 0.15 0.2 Local Manager 0.35 0.3 A. P (Local Manager) B. P (Business makes a loss) C. P (International Manager OR Business makes a profit) D. P (Local Manager AND International Manager) E. P (Business makes a loss | Manager is International)

Answer 1

	Business make a profit	Business makes a loss
International Manager	0.15	0.2
Local Manager	0.35	0.3

A.

P(Local Manager) = 0.35+0.3

= 0.65

B.

P(Business makes a loss) = 0.2+0.3

= 0.5

C.

P (International Manager OR Business makes a profit) = P(International Manager) + P(Business makes a profit) - P( International Manager Business makes a profit)

= (0.15+0.2) + (0.15+0.35) - 0.15

= 0.7

D.

P (Business makes a loss | Manager is International) = 0.15

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