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- / 6.5 The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say
- / 6.5 The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say they would change jobs for "slightly higher pay." In addition, 88% of companies say that there is a shortage of qualified job candidates. Suppose 16 workers are randomly selected and asked if they would change jobs for "slightly higher pay." Appendix A Statistical Tables a. What is the probability that 9 or more say yes? (Round your answer to 3 decimal places, e.g. 0.235.) b. What is the probability that 3, 4, 5, or 6 say yes? (Round your answer to 3 decimal places, e.g. 0.235.) c. If 13 companies are contacted, what is the probability that exactly 10 say there is a shortage of qualified job candidates? (Round your answer to 4 decimal places, e.g. 0.2354.) d. If 13 companies are contacted, what is the probability that all of the companies say there is a shortage of qualified job candidates? (Round your answer to 4 decimal places, e.g. 0.2354.) (Use Table A.2.) e. If 13 companies are contacted, what is the expected number of companies that would say there is a shortage of qualified job candidates? (Round your answer to 2 decimal places, e.g. 0.23.)
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