On average, how long would you expect a new hire to stay with the company? A company

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On average, how long would you expect a new hire to stay with the company?

A company wants to evaluate its attrition rate, in other words, how long new hires stay with the company. Over the years, they have established the following probability distribution.
Let X = the number of years a new hire will stay with the company.
Let P(x) = the probability that a new hire will stay with the company x years.

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Introductory Business Statistics

ISBN: 202318

1st Edition

Authors: Alexander Holmes , Barbara Illowsky , Susan Dean

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