Tutorial Questions
Question 1
⦁ With your own words, using relevant examples briefly define types of probability assigning methods
⦁ Transport trade association conducted a survey of their members to determine what they felt were the important issues to be discussed with the management. The survey results showed that 74% felt that the job security was the important issue, while 65% felt that salary increment was an important issue. Of those who felt salary increment was an important issue, 60% also felt that job security was an important issue.
⦁ What percentage of the members felt that both job security and salary increment were important?
⦁ What percentage of the members felt that at least one of these two issues was important?
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