Some business analysts estimate that the length of time people work at a job has a mean of 6 2 years and a standard deviation of 4 5 years a) Explain why you suspect this distribution may be skewed to the right b) Explain why you could estimate the probability that 100 people selected at random had...

a The distribution of length of time people work at a j ...

Some business analysts estimate that the length of time people work at a job has a mean

Question:

Some business analysts estimate that the length of time people work at a job has a mean of 6.2 years and a standard deviation of 4.5 years.
a) Explain why you suspect this may be skewed to the right.
b) Explain why you could estimate the probability that 100 people selected at random had worked for their employers an average of 10 years or more, but you could not estimate the probability that an individual had done so.
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...