Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A random sample of 210 IT executives is surveyed about loyalty to their company. One of the questions is: If you were given an offer
A random sample of 210 IT executives is surveyed about loyalty to their company. One of the questions is: \"If you were given an offer by another company equal to or slightly better than your present position, would you remain with the company or take the other position?\" The responses of these executives are cross-tabulated with their length of service with the company. \"\" Would not remain Total 38 5? 'l 15 21 O Use the table above to answer the following questions. Please leave your answer in fractional form and simplify. i. What is the probability of randomly selecting an executive who is loyal to the company [would remain) and who has 61 0 years of service? [1] ii. If an IT executive with > 10 years of service is selected at random, what is the probability that he or she prefers not to remain in the company if given another offer? [1] iii. What is the probability of selecting an executive who would remain with the company or has at most 5 years of experience? [1]
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started