In a survey of 320 college graduates, 36% reported that they stayed on their first full-time job
Question:
In a survey of 320 college graduates, 36% reported that they stayed on their first full-time job less than one year (based on data from USA Today and Experience.com).
a. If 15 of those survey subjects are randomly selected without replacement for a follow-up survey, find the probability that 5 of them stayed on their first full-time job less than one year.
b. If part (a) is changed so that 20 different survey subjects are selected, explain why the binomial probability formula cannot be used.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
a Given that The number of trails n 15 The number of successes amo...View the full answer
Answered By
Danish Sohail
My objective is to become most reliable expert for clients. For last 10 years I have been associated with the field of accounting and finance. My aim is to strive for best results and pay particular attention to client needs. I am always enthusiastic to help clients for issues and concerns related to business studies. I can work on analysis of the financial statements, calculate different ratios and analysis of ratios. I can critically evaluate stock prices based on the financial analysis and valuation for companies using financial statements of the business entity being valued with use of excel tools. I have expertise to provide effective and reliable help for projects in corporate finance, equity investments, financial accounting, cost accounting, financial planning, business plans, marketing plans, performance measurement, budgeting, economic research, risk assessment, risk management, derivatives, fixed income investments, taxation, auditing, and financial performance analysis.
4.80+
78+ Reviews
112+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
In a Microsoft Instant Messaging survey, 1021 adults were asked to identify the most fun way to flirt, and 61 of them chose e-mail. a. If 1 of the surveyed adults is randomly selected, what is the...
-
In a survey of 150 senior executives, 47% said that the most common job interview mistake is to have little or no knowledge of the company. a. If 6 of those surveyed executives are randomly selected...
-
In a survey of 1000 women age 22 to 35 who work full time, 540 indicated that they would be willing to give up some personal time in order to make more money (USA Today, March 4, 2010). The sample...
-
Craig's Bowling Inc. operates several bowling centres (for games and equipment sales). The following transactions occurred in November 2017. For each of the following transactions, complete the...
-
Because an integer in [0, 2/n - I] can be expressed as an n-bit binary number in a DHT, each key can be expressed as k =(k0' k1 . .. , k0_1,), and each peer idenn tifier can be expressed P =(p0' Pl'...
-
Does Lonely Planet have a tall structure or a flat structure? Explain briefly. LO.1
-
17.26 What is the conceptual problem of applying fixedmanufacturing overhead as a product cost?
-
Matt Domby is the owner of Dombys Boot Store. Matt currently is formulating his budget for the coming year and provides you with the following information about expected quarterly sales. Matt...
-
What factors need to be considered to determine markdowns? What issues could possibly arise if a partnering store doesnt sell through the collaboration product or is not selling through the product...
-
Imagine that you have extracted an unmyelinated neuron and have placed it in a sterile petri dish filled with a solution mimicking its natural extracellular envirnoment. you artificially stimulate...
-
After being rejected for employment, Jennifer Summer learns that the Kingston Technology Corporation has hired only 3 women among the last 24 new employees. She also learns that the pool of...
-
A medical testing laboratory saves money by combining blood samples for tests, so that only one test is conducted for several people. The combined sample tests positive if at least one person is...
-
Faced with resistance to a desirable change, would you ever recommend manipulation and threat, or would you regard these methods as unprofessional or unethical in all circumstances?
-
2 Ursala, Inc., has a target debt-equity ratio of .65. Its WACC is 10.4 percent, and the tax rate is 23 percent. a. If the company's cost of equity is 14 percent, what is its pretax cost of debt? b....
-
Thinking about Nike's corporate practices, discuss your approach to starting a company that outsourced labor in order to reduce manufacturing costs. What decisions would you make to combine...
-
Owen Properties recently purchased a building in a community that is eligible for participation in the National Flood Insurance Program (NFIP). Under the regular program of the NFIP, the maximum...
-
CASE 7.2 Oracle Corporation: Share-Based Compensation Effects/Statement of Shareholders' Equity A sales-based ranking of software companies provided by Yahoo! Finance on November 5, Year 8, places...
-
A manufacturer of ovens sells them for $1,450 each. The variable costs are $800 per unit. The manufacturer's factory has annual fixed costs of $1,735,000. a. Given the expected sales volume of 3,100...
-
In a financing lease, front loading of lease expense and lease revenue occurs. What does this mean, and how is it avoided in an operating lease?
-
Pedro Bourbone is the founder and owner of a highly successful small business and, over the past several years, has accumulated a significant amount of personal wealth. His portfolio of stocks and...
-
Different Disney animated children's movies are randomly selected and, for each movie, the amount of time (seconds) showing tobacco use is recorded (based on data from "Tobacco and Alcohol Use in...
-
Using the sample data from Exercise 2, construct a 95% confidence interval estimate of the mean time that Disney animated children's movies show tobacco use. In Exercise 2 0 223 158 37 1 165 223
-
Listed in the table below are body temperatures (°F) of randomly selected subjects from three different age groups. The STATDISK display in Figure 10.3 results from these sample values. Assume...
-
hi expert help me read the question and answer all the red questions thank you Dec. 31, 2012 31.0 Comparative Balance Sheet with Horizontal Analysis ABC Company Ltd. Balance Sheet, December 31, 2012...
-
Consider the following data for your company of interest: Earnings before interest and tax (EBIT) = $60,000 Its tax rate = 30%, Depreciation is $25,000 and there was an increase in working capital...
-
Harley Corporation issued $150,000 of 6%, 10-year, nonconvertible bonds with detachable stock purchase warrants. Each $1,000 bond carried 20 detachable warrants, each of which was for one share of...
Study smarter with the SolutionInn App