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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

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.

a. Complete the distribution table below.

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

x

P(x)

0

0.12

1

0.18

2

0.30

3

0.15

4

5

0.10

6

0.05

E(x)___________

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