Currently difficult to hire in the technology sector

Assignment Help Basic Statistics
Reference no: EM131804101

It is currently difficult to hire in the technology sector. Your company believes that the chances of successfully hiring this year are 0.13. Given that your company is successful in hiring, the chances of finishing the project on time are 0.78, but if hiring is not successful, the chances are reduced to 0.53.

a. Draw a probability tree for this situation.

b. Find the probability of finishing the project on time.

Reference no: EM131804101

Questions Cloud

What is the probability that the applicant did not score : Given that an applicant performed well on the job, what is the probability that the applicant did not score high on the test?
Technician with advanced training : Given that your problem is fixed, find the probability that you did not obtain the technician with advanced training.
What is the character of the loss carryover : How much loss will Sherri carryover to 2017, and what is the character of the loss carryover
What are your views as ceo of the advantages : What are your views as CEO of the advantages and problems associated with managing corporate strategy through the multidivisional structure?
Currently difficult to hire in the technology sector : It is currently difficult to hire in the technology sector. Your company believes that the chances of successfully hiring this year are 0.13.
Which of environmental factors do you feel is most critical : Which of the environmental factors do you feel is the most critical, and why? What solutions would you recommend to the board, and why?
Discuss shareholders acquired their shares five years ago : Brandi and Yuen in redemption of some of their Gnatcatcher stock
Probability of increasing both sales and customers : a. Draw a probability tree for this situation. b. Find the probability of increasing both sales and customers.
How is the victimization experience different for a crime : How is the victimization experience different or similiar for a crime victim versus a victim of a social and public health problem?

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