Joseph is the sales manager of a large company. Each of his four sales reps turned in their goals for the fourth quarter and coincidentally, they all turned in a goal of 1 Million in sales. Based on the past five years, Joseph knew that each rep had the following chance of hitting that goal:
Mel had an 80% chance of hitting his goal of 1 Million dollars. Randy had a 75% chance of hitting his goal, Jimmy had a 70% chance and Tim had a 60% chance. Based on these statistics, what is the probability that all four reps hit their goal for the fourth quarter?
a) 100%
b) 72.5%
c) 55.5%
d) 25.2%
Explain your answer, please.
November 6th, 2012 | Category: 
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25.5%
You multiply all the other %’s together to get the answer as each is unrelated to the other.
25.5