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CFA Level 1 Exam

3959 Questions

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Question No. 1

Each salesperson in a large department store chain 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, or excellent. These traits are the 500 salespeople were cross classified into the following table.
Sales Ability Potential for Advancement
Fair Good Excellent
Below Average 161222
Average 456045
Above Average 9372135
What is the probability that a salesperson selected at random will have average sales ability and good potential
for advancement?
Choose the correct option from the given list.
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