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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.
LetX= the number of years a new hire will stay with the company.
LetP(x) = the probability that a new hire will stay with the company x years.
Complete Table using the data provided.
x P(X)
0 0.12
1 0.18
2 0.30
3 0.15
4 _____
5 0.10
6 0.05
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