Companies use employee training for various reasons, including employee loyalty, certification, quality, and process improvement. In a national survey of companies, BI Learning Systems reported that 56% of the responding companies named employee retention as a top reason for training. Suppose 39% of the companies replied that they use training for process improvement and for employee retention. In addition, suppose that of the companies that use training for process improvement, 92% use training for employee retention. A company that uses training is randomly selected. a. What is the probability that the company uses training for employee retention and not for process improvement? b. If it is known that the company uses training for employee retention, what is the probability that it uses training for process improvement? c. What is the probability that the company uses training for process improvement? d. What is the probability that the company uses training for employee retention or process improvement? e. What is the probability that the company neither uses training for employee retention nor uses training for process improvement? f. Suppose it is known that the company does not use training for process improvement. What is the probability that the company does use training for employee retention?

Aeuropean aircraft producer has spent 15 years in developing a new aircraft that would potential threaten long-lasting boeing's dominance (monopoly) in the same class of aircrafts. the new european aircraft gets high marks on all performance measures except noise. because of the noise, the european producers management is concerned that the us government may impose restrictions which would forbid their aircraft to land in some of the american airports. without restrictions the estimated (present discounted) profit would be 125 million usd. with the restrictions the profit would only be 25 million usd. the chances of both outcomes are estimated to be 50-50. management must decide now whether to the cost of redesign program problem and a 60% chance it will fail. should the european aircraft producer start the noise redesign program if they do not have any redesign parts of the aircraft to solve the noise problem. is 25 million usd. there is a 40% chance that redesign will solve the noise additional information than mentioned above? draw the decision tree, indicate probabilities and outcomes of the events * imagine that the company could find out in advance the outcome of the u.s. government's e find the expected value of perfect information about the u.s. government's decision. decision. draw a new decision tree, indicate probabilities and outcomes of the events.