Calculate the probability the vacancies cost

Assignment Help Basic Statistics
Reference no: EM131651475

Question: PricewaterhouseCoopers Saratoga, in its 2005/2006 Human Capital Index Report, indicated the average number of days it took for an American company to fill a job vacancy in 2004 was 48 days. Sample data similar to those used in the study are in a file titled Hired. Categories for the days and hire cost are provided under the headings "Time" and "Cost," respectively.

a. Calculate the probability that a company vacancy took at most 100 days or cost at most $4,000 to fill.

b. Of the vacancies that took at most 100 days to fill, calculate the probability that the cost was at most $4,000.

c. If three of the vacancies were chosen at random, calculate the probability that two of the vacancies cost at most $4,000 to fill.

Reference no: EM131651475

Questions Cloud

What are two perspectives concerning the role that managers : What are two perspectives concerning the role that managers' play in an organization's success or failure?
Environment force heinz to change their internal environment : How did changes in the external environment force Heinz to change their internal environment?
Probability of breakdown was due to an electrical problem : A company produces scooters used by small businesses, such as pizza parlors, that find them convenient for making short deliveries.
Discuss a basic type of computer crime : Which one of the following is not a basic type of computer crime
Calculate the probability the vacancies cost : If three of the vacancies were chosen at random, calculate the probability that two of the vacancies cost at most $4,000 to fill.
How can a non-profit healthcare provider survive : How can a non-profit healthcare provider survive in a community that lacks the resources to pay for services?
How do we determine the customer needs and wants : How do we determine the customer needs and wants? How do companies analyze and distribute information? Are there ethical issues related to marketing research?
Discuss about the highest academic degrees : The file titled PC Market contains a sample that would produce the market shares alluded to in the article and the highest academic degrees achieved.
Why is knowledge of competitors important : Why is knowledge of competitors important? How does one determine who their competitors are?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd