If the probability of a new employee in a fast-food chain still being with the company at
Question:
If the probability of a new employee in a fast-food chain still being with the company at the end of 1 year is .6, what is the probability that out of 8 newly hired people,
(A) 5 will still be with the company after 1 year?
(B) 5 or more will still be with the company after 1 year?
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Step by Step Answer:
To calculate the probability for each scenario we can use the binomial probability formula PXk n cho...View the full answer
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Related Book For 
Finite Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780134862620
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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