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A B C D E F G H K L M N O P Q Years Number f ( x ) xf(x) Problem 1: Employee
A B C D E F G H K L M N O P Q Years Number f ( x ) xf(x) Problem 1: Employee retention is always an important issue for any employer. Cost of recruiting, placement, training, and the in-job learning curve impose significant costs. This problem is intended to help this firms HR 1 506 Director to assess probabilities of turnover and expected values. 2 390 3 210 a.) Use the data to develop an empirical discrete probabilty distribution for f(x). 4 218 b.) Compute the expected values for the number of employees by years of service (xf(x)). 5 576 c.) Compute the average expected value of years of service based on the data presented ( mean ). Mean d.) Interpretation: How should the HR Director intepret the expected value when assessing current turnover
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