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Suppose you work in human resources at a tech company and you're hiring four employees to work in IT support. You're decer at figuring out who would be good at their job: each person you hire has a 70% chance of being good. Use the binomial distribution function in Excel to determine how likely is it that all four of them are good workers. Express your answer as a decimal to four places. Include a zero before the decimal point.

Suppose you work in human resources at a tech company and you're hiring four employees to work in IT support. You're decer at figuring out who would be good at their job: each person you hire has a 70% chance of being good. Use the binomial distribution function in Excel to determine how likely is it that all four of them are good workers. Express your answer as a decimal to four places. Include a zero before the decimal point.

MATLAB: An Introduction with Applications
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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Suppose you work in human resources at a tech company and you're hiring four employees to work in IT support. You're decent at figuring out who would be good at their job: each person you hire has a 70% chance of being good. Use the binomial distribution function in Excel to determine how likely is it that all four of them are good workers. Express your answer as a decimal to four places. Include a zero before the decimal point.
Transcribed Image Text:Suppose you work in human resources at a tech company and you're hiring four employees to work in IT support. You're decent at figuring out who would be good at their job: each person you hire has a 70% chance of being good. Use the binomial distribution function in Excel to determine how likely is it that all four of them are good workers. Express your answer as a decimal to four places. Include a zero before the decimal point.
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