Many research studies have been conducted to examine how different organizations are on implementing knowledge management processes. For example, studies have proved that larger firms have more resources to utilize, and so they have taken more efforts to implement knowledge management processes. The Journal of Business Research (Aug. 2014) published a study discussing the relationship between knowledge management processes and organizational performance. The table below shows the percentage of different size of firms participated in the study. These firms have been classified in terms of number of employees working. Need step-by-step procedure to answer

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Many research studies have been conducted to examine how different organizations are on implementing knowledge management processes. For example, studies have proved that larger firms have more resources to utilize, and so they have taken more efforts to implement knowledge management processes.

The Journal of Business Research (Aug. 2014) published a study discussing the relationship between knowledge management processes and organizational performance. The table below shows the percentage of different size of firms participated in the study. These firms have been classified in terms of number of employees working.

Need step-by-step procedure to answer each question.

  1. Randomly select one of the participated company from this study. Let x be the number of employees working in the company. Write the probability distribution of this x.
  2. What is the probability that the selected company employs more than 50 employees?
  3. Find E(x) and σ. Interpret the result.

 

Medium (75
Very large (300
Micro (12 employees) Small (40 employees)
Large (150 employees)
employees)
employees
% of companies
26.05
19.32
14.28
11.76
28.57
Transcribed Image Text:Medium (75 Very large (300 Micro (12 employees) Small (40 employees) Large (150 employees) employees) employees % of companies 26.05 19.32 14.28 11.76 28.57
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