The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied). Job Satisfaction Score Probability IS Senior Executives IS Middle Managers 1 0.05 0.04 2 0.09 0.10 3 0.04 0.12 4 0.44 0.46 5 0.38 0.28 (a) What is the expected value of the job satisfaction score for senior executives?   (b) What is the expected value of the job satisfaction score for middle managers?   (c) Compute the variance of job satisfaction scores for executives and middle managers. executivesmiddle managers

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 33E: Sick leave probability that a given worker at Dyno Nutrition Will call in sick on a Monday is 004....
icon
Related questions
Topic Video
Question

QUESTION 6

The following probability distributions of job satisfaction scores for a sample of information systems (IS) senior executives and middle managers range from a low of 1 (very dissatisfied) to a high of 5 (very satisfied).
Job
Satisfaction
Score
Probability
IS Senior
Executives
IS Middle
Managers
1 0.05 0.04
2 0.09 0.10
3 0.04 0.12
4 0.44 0.46
5 0.38 0.28
(a)
What is the expected value of the job satisfaction score for senior executives?
 
(b)
What is the expected value of the job satisfaction score for middle managers?
 
(c)
Compute the variance of job satisfaction scores for executives and middle managers.
executivesmiddle managers
(d)
Compute the standard deviation of job satisfaction scores for both probability distributions. (Round your answers to two decimal places.)
executivesmiddle managers
(e)
Compare the overall job satisfaction of senior executives and middle managers.
The average score for senior executives is  ---Select--- lower than higher than equal to the middle managers score. The standard deviation for senior executives is  ---Select--- lower than higher than equal to the middle managers standard deviation.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Discrete Probability Distributions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning