Management training. Each year a company selects 5 employees for a management training program at a university. On average, 40 % of those sent complete the course in the top 10 % of their class. If we consider an employee finishing in the top 10 % of the class a success in a binomial experiment, then for the 5 employees entering the program, there exists a binomial distribution involving P ( x successes out of 5 ).For the binomial distribution, (A) Write the probability function. (B) Construct a table. (C) Draw a histogram. (D) Compute the mean and standard deviation
Management training. Each year a company selects 5 employees for a management training program at a university. On average, 40 % of those sent complete the course in the top 10 % of their class. If we consider an employee finishing in the top 10 % of the class a success in a binomial experiment, then for the 5 employees entering the program, there exists a binomial distribution involving P ( x successes out of 5 ).For the binomial distribution, (A) Write the probability function. (B) Construct a table. (C) Draw a histogram. (D) Compute the mean and standard deviation
Solution Summary: The author analyzes the probability function of a company selecting 5 employees for management training out of every batch.
Management training. Each year a company selects
5
employees for a management training program at a university. On average,
40
%
of those sent complete the course in the top
10
%
of their class. If we consider an employee finishing in the top
10
%
of the class a success in a binomial experiment, then for the
5
employees entering the program, there exists a binomial distribution involving
P
(
x
successes out of
5
).For the binomial distribution,
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