The table below shows the probability distribution of job satisfaction scores (1 - 4) for a group of senior executives. A score of 1 indicates a strong dissatisfaction with their jobs; a score of 4 indicates a strong satisfaction with their jobs. Note that you must complete both parts a. and b. to receive any marks for the remaining parts of this question. a. Complete the missing value in the following table. Round to at least FIVE decimals if necessary. Job Satisfaction Score Probability of Score 1 0.2 2 3 4 0.27 0.26 b. What is the expected job satisfaction score for this group of senior executives? Answer: Do NOT round your answer! c. What is the standard deviation of the job satisfaction score for this group of senior executives? Answer: Round to at least FIVE decimals if necessary d. Suppose a senior executive expects to earn an additional 4350 dollars per year for each job satisfaction score point. The executive also will receive a fixed 250 dollar yearly raise and will have an extra 300 dollar cost per year for living adjustment. What is the expected yearly earnings for this senior executive? Answer: $ Round to at least FIVE decimals if necessary

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

The table below shows the probability distribution of job satisfaction scores (1 - 4) for a group of senior executives. A score of 1 indicates a strong dissatisfaction with their jobs; a score of 4 indicates a strong satisfaction with their jobs.

Note that you must complete both parts a. and b. to receive any marks for the remaining parts of this question.

a. Complete the missing value in the following table. Round to at least FIVE decimals if necessary.

Job Satisfaction Score Probability of Score
1 0.2
2  
3 0.27
4 0.26



b. What is the expected job satisfaction score for this group of senior executives?
Answer:  Do NOT round your answer!


c. What is the standard deviation of the job satisfaction score for this group of senior executives?
Answer:  Round to at least FIVE decimals if necessary


d. Suppose a senior executive expects to earn an additional 4350 dollars per year for each job satisfaction score point. The executive also will receive a fixed 250 dollar yearly raise and will have an extra 300 dollar cost per year for living adjustment. What is the expected yearly earnings for this senior executive?
Answer: $ Round to at least FIVE decimals if necessary

The table below shows the probability distribution of job satisfaction scores (1 - 4) for a group of senior executives. A score of 1 indicates a strong dissatisfaction with their jobs; a score of 4 indicates a strong satisfaction with their jobs.
Note that you must complete both parts a. and b. to receive any marks for the remaining parts of this question.
a. Complete the missing value in the following table. Round to at least FIVE decimals if necessary.
Job Satisfaction Score Probability of Score
1
0.2
2
3
4
0.27
0.26
b. What is the expected job satisfaction score for this group of senior executives?
Answer:
Do NOT round your answer!
c. What is the standard deviation of the job satisfaction score for this group of senior executives?
Answer: Round to at least FIVE decimals if necessary
d. Suppose a senior executive expects to earn an additional 4350 dollars per year for each job satisfaction score point. The executive also will receive a fixed 250 dollar yearly raise and will have an extra 300 dollar cost per year for living adjustment. What is the expected yearly
earnings for this senior executive?
Answer: $
Round to at least FIVE decimals if necessary
Transcribed Image Text:The table below shows the probability distribution of job satisfaction scores (1 - 4) for a group of senior executives. A score of 1 indicates a strong dissatisfaction with their jobs; a score of 4 indicates a strong satisfaction with their jobs. Note that you must complete both parts a. and b. to receive any marks for the remaining parts of this question. a. Complete the missing value in the following table. Round to at least FIVE decimals if necessary. Job Satisfaction Score Probability of Score 1 0.2 2 3 4 0.27 0.26 b. What is the expected job satisfaction score for this group of senior executives? Answer: Do NOT round your answer! c. What is the standard deviation of the job satisfaction score for this group of senior executives? Answer: Round to at least FIVE decimals if necessary d. Suppose a senior executive expects to earn an additional 4350 dollars per year for each job satisfaction score point. The executive also will receive a fixed 250 dollar yearly raise and will have an extra 300 dollar cost per year for living adjustment. What is the expected yearly earnings for this senior executive? Answer: $ Round to at least FIVE decimals if necessary
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 1 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman