A well-known, highly profitable technology company had a unique culture based on meritocracy and generating results. The culture was different enough that the Human Resources Department developed a questionnaire that was given to a variety of candidate. Based on their scoring, the candidates either passed or failed the questionnaire.
They found that on average, among those candidates who were ultimately successful in the company, 77% had passed the questionnaire. Correspondingly, among those candidates that ultimately were not successful in the company, 82% had failed the questionnaire. Overall, they found that 34% of new hires are not successful within the company.
Based on the information provided, what are the chances that a candidate selected at random will pass the test?
Suppose a candidate takes and passes the questionnaire. What are his or her chances of being successful within the company?
Suppose a candidate takes and fails the test. What are his or her chances of not being successful within the company?