Job and pay statistics-normal distribution

Assignment Help Basic Statistics

Reference no: EM1392253

The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say they would change jobs for "slightly higher pay." In addition, 88% of companies say that there is a shortage of qualified job candidates. Suppose 16 workers are randomly selected and asked if they would change jobs for "slightly higher pay." What is the probability that nine of more say yes? What is the probability that three, four, five or six say yes? If 13 companies are contacted, what is the probability that exactly 10 say there is a shortage of qualified job candidates? What is the probability that all of the companies say there is a shortage of qualified job candidates? What is the expected number of companies that would say there is a shortage of qualified candidates?

Reference no: EM1392253

Questions Cloud

Challenges in leading a multi generational : Challenges in leading a multi generational and/or multi cultural workforces-Need a complente summary for the listed assignment

Clear heights of warehouses-normal distribution : Tompkins Associates reports that the mean clear height for a Class A warehouse in the Unites States is 22 feet. Suppose clear heights are normally distributed and that the standard deviation is 4 feet.

Explain amway dish drop in malaysia : Write about "Amway DISH DROPS Concentrated Dishwashing Liquid" in Malaysia for each of the given below: Introduction for the product.

Calculate the start and finish times for each activity : calculate the start and finish times for each activity and determine the minimum number of weeks for completing the project. Find the critical set of activities for the project.

Job and pay statistics-normal distribution : The Wall Street Journal reported some interesting statistics on the job market. One statistic is that 40% of all workers say they would change jobs for "slightly higher pay."

Determination of total mass of bovine serum albumin : Determine the total mass of bovine serum albumin (BSA) in 50 ml of BSA at 4 percent (wt./vol), given in milligrams? What is the answer in micrograms?

Value of test statistic for statewide real estate company : A statewide real estate company specializes in selling farm property in the state of Nebraska. Their records indicate that the mean selling time of farm property is 90 days.

Grading egg sizes-normal distribution : In grading eggs into small, medium and large, Margi farms packs the eggs that weigh more than 4.25 ounces in packages marked " large" and the eggs that weigh less than 2.45 ounces in packages marked " small" the remainder are packed in packages ma..

Punch multiple parts from a sheet of aluminum : You punch multiple parts from a sheet of Aluminum. The sheet is a 1728 square-inches rectangle and you get 18 parts that are 70 square-inches each.

User Account

All Pages