EBK BASIC BUSINESS STATISTICS
EBK BASIC BUSINESS STATISTICS
14th Edition
ISBN: 9780134685090
Author: STEPHAN
Publisher: VST
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Chapter 7, Problem 16PS

What do millennials around the world want in a job? A Deloitte survey of millennials on work-life challenges found that millennials are looking for stability in an uncertain world, with 65% of millennials preferring a permanent, full-time job rather than working freelance or as a consultant on a flexible or short-term basis.

Suppose you select a sample of 100 millennials.

a. What is the probability that in the sample fewer than 70 % prefer a permanent, full-time job?

b. What is the probability that in the sample between 60 % and 70 % prefer a permanent, full-time job?

c. What is the probability that in the sample more than 70 % prefer a permanent, full-time job?

d. if a sample of 400 is taken, how does this change you answer to (a) through (c)?

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EBK BASIC BUSINESS STATISTICS

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