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Employee retention is a major concern for many companies. A survey of Americans asked how long they have worked for their current employer.t Consider
Employee retention is a major concern for many companies. A survey of Americans asked how long they have worked for their current employer.t Consider the following example of sample data of 2000 college graduates who graduated five years ago. Time with Number Current Employer (years) 1 508 2 388 3 312 4 220 5 572 Let x be the random variable indicating the number of years the respondent has worked for her/his current employer. (a) Use the data to develop an empirical discrete probability distribution for x. X 1 2 3 St 5 f(x) (b) Show that your probability distribution satisfies the conditions for a valid discrete probability distribution. Since f(x ?0 for all values of x and f(x) = ' this ---Select--- satisfy the conditions for a valid dis = probability distribution. S (c) What is obability that a respondent has been at her/his current place of employment for more than 3 years?
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