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? Use the table below. x P(x) 0 0.14 1 0.16 2 0.20 3 0.25 4 5 0.05 6 0.05
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? Use the table below. x P(x) 0 0.14 1 0.16 2 0.20 3 0.25 4 5 0.05 6 0.05
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 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.
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?
Use the table below.
x | P(x) |
---|---|
0 | 0.14 |
1 | 0.16 |
2 | 0.20 |
3 | 0.25 |
4 | |
5 | 0.05 |
6 | 0.05 |
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