1. A company wants to evaluate its attrition rate, in other words, how long newhires stay with the company. Over the years, they have established thefollowing 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.X01234P(x)0.1260.180.300.155 0.100.05a. Complete the above Table using the data provided.b. P(x = 4) =_c. P(x ≥ 5) =_d. On average, how long would you expect a new hire to stay with the company?e. What does the column "P(x)" sum to?

Let x = number of yearsLet P[x] = the probabilityX 0 1 2 3…

Answered: A company wants to evaluate hires stay…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A company wants to evaluate hires stay with the company. Over the years, they have established the following probability distribution. X = the number of years a new hire will stay with the company. P(x) = the probability that a new hire will stay with the company x years.