the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.7, what is the probability that out of 8 newly hired people (A) 5 will still be with the company after 1 year? (B) 5 or more will still be with the company after 1 year?

the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.7, what is the probability that out of 8 newly hired people (A) 5 will still be with the company after 1 year? (B) 5 or more will still be with the company after 1 year?

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

If the probability of a new employee in a fast-food chain still being with the company at the end of the year is

0.7,

what is the probability that out of 8 newly hired people

(A) 5 will still be with the company after 1 year?

(B) 5 or more will still be with the company after 1 year?

Round each of the calculations to three decimal places when going through the solution process.

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