A November 13, 2015, report titled The cost of hiring a new employee by Annie Mueller (www.investopedia
Question:
A November 13, 2015, report titled “The cost of hiring a new employee” by Annie Mueller (www.investopedia
.com) indicated that the average cost for an American company to fill a job vacancy was $3,500. Sample data showing costs to hire employees are in a file titled Hired.
a. Produce a relative frequency histogram for these data. Does it seem plausible the data were sampled from a normally distributed population?
b. Calculate the mean and standard deviation of the cost of filling a job vacancy.
c. Determine the probability that the cost of filling a job vacancy would be between $2,000 and $3,000.
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Related Book For
Business Statistics
ISBN: 9781292220383
10th Global Edition
Authors: David Groebner, Patrick Shannon, Phillip Fry
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