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Workers’ unscheduled absence survey. Each year CCH, Inc., a firm that provides human resources and employment law information, conducts a survey on absenteeism in the workplace. The latest CCH Unscheduled Absence Survey found that of all unscheduled work absences, 34% are due to “personal illness,” 22% for “family issues,” 18% for “personal needs,” 13% for “entitlement mentality,” and 13% due to “stress.” Consider a randomly selected employee who has an unscheduled work absence.
- a. List the sample points for this experiment.
- b. Assign reasonable probabilities to the sample points.
- c. What is the
probability that the absence is due to something other than “personal illness”?
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- Question 1:We want to evaluate the impact on the monetary economy for a company of two types of strategy (competitive strategy, cooperative strategy) adopted by buyers.Competitive strategy: strategy characterized by firm behavior aimed at obtaining concessions from the buyer.Cooperative strategy: a strategy based on a problem-solving negotiating attitude, with a high level of trust and cooperation.A random sample of 17 buyers took part in a negotiation experiment in which 9 buyers adopted the competitive strategy, and the other 8 the cooperative strategy. The savings obtained for each group of buyers are presented in the pdf that i sent: For this problem, we assume that the samples are random and come from two normal populations of unknown but equal variances.According to the theory, the average saving of buyers adopting a competitive strategy will be lower than that of buyers adopting a cooperative strategy.a) Specify the population identifications and the hypotheses H0 and H1…arrow_forwardYou assume that the annual incomes for certain workers are normal with a mean of $28,500 and a standard deviation of $2,400. What’s the chance that a randomly selected employee makes more than $30,000?What’s the chance that 36 randomly selected employees make more than $30,000, on average?arrow_forwardWhat’s the chance that a fair coin comes up heads more than 60 times when you toss it 100 times?arrow_forward
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