A company wants to evaluate its attrition rate

profileleeku01
 (Not rated)
 (Not rated)
Chat

A company wants to evaluate its attrition rate

        A company wants to evaluate its attrition rate, in other words, how long new hires stay with the company. Over the years, they have established the following probability distribution.

Let X = the number of years a new hire will stay with the company.

Let P(x) = the probability that a new hire will stay with the company x years.

a. Complete the distribution table below.

b. On average, how long would you expect a new hire to stay with the company?

                                                    

 

 

x

P(x)

0

0.12

1

0.18

2

0.30

3

0.15

4

 

5

0.10

6

0.05

                                                        E(x)___________

 

 

    • 11 years ago
    A company wants to evaluate its attrition rate ( A++ 100% accurate and most economical answer can be download from here)
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      solution_6.docx