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

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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? 

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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