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. 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. On average, how long would you expect a new hire to stay with the company? (Enter an exact number as an integer, fraction, or decimal.) yr x P(x) o0.14 10.16 2 0.25 3 0.20 4 50.05 6 0.05

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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 the following 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.
On average, how long would you expect a new hire to stay with the company? (Enter an exact number as an integer, fraction, or decimal.)
yr
xP(x)
0 0.14
0.16
20.25
0.20
4
5 0.05
6 0.05
Transcribed Image Text: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. 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. On average, how long would you expect a new hire to stay with the company? (Enter an exact number as an integer, fraction, or decimal.) yr xP(x) 0 0.14 0.16 20.25 0.20 4 5 0.05 6 0.05
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