A company is studying the number of monthly absences among its 125 employees. The following probability distribution

Question:

A company is studying the number of monthly absences among its 125 employees. The following probability distribution shows the likelihood that people were absent 0, 2, 4, 6, 8, or 11 days last month.
Number of days absent_______________ Probability
0.........................................................0.30
2.........................................................0.27
4.........................................................0.05
6.........................................................0.30
8.........................................................0.08
11...........................................................0
What is the mean number of days absent?
a) 0.08
b) 0.19
c) 0.91
d) 3.18
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques in Business and Economics

ISBN: 978-1259666360

17th edition

Authors: Douglas A. Lind, William G Marchal

Question Posted: