Determining the of employees probability

Reference no: EM13102068

A firm plans to hire 100 employees during the year. It expects that 25 of these employees will obtain graduate degrees within the next 5 years of being hired. In addition, 35 employees will leave the firm within 5 years. Of these, 18 will have obtained graduate degrees.

1. What is the probability that a newly hired employee will obtain a graduate degree and will leave the firm in the next 5
years?

2. What is the probability that a newly hired employee will not obtain a graduate degree in the next 5 years?

3. What % of the new employees hired this year will have left the firm or obtained a graduate degree within the next 5 years?

Reference no: EM13102068

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