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A public university hires students to solicit donations by telephone. After a brief training period, the students call alumni and are paid on a commission
A public university hires students to solicit donations by telephone. After a brief training period, the students call alumni and are paid on a commission basis. Experience indicates that early on, these students tend to have only modest success and that 65% of them quit their jobs in their first two weeks of employment. The group hires six students which can be viewed as a random sample. What is the probability that more than half of the new hires quit within the first two weeks?
Format probability: 0.0000
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