The national mean annual salary for a school administrator is
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)___________