Probability distribution describes the distribution

Assignment Help Business Economics
Reference no: EM131932840

Suppose a company rates it employees on a 1-4 scale (with 4 being the highest rating) and the following probability distribution describes the distribution of the ratings:

23% of the employees had a "4"; 23% of the employees had a "3" rating; 29% of the employees had a "2" rating; and the remaining employees recieved a "1" rating.

What is the expected value of the rating of a randomly chosen employee? (please express your answer using 2 decimal places)

Reference no: EM131932840

Questions Cloud

Find the expectation of a person buys one ticket : One thousand tickets are sold at $3 per ticket. Find the expectation of a person buys one ticket.
Find a topic for renewable energy thats : Find a topic for renewable energy thats related with information technology.
What is the probability that at most 26 tails occur : A fair coin is tossed 28 times. What is the probability that at most 26 tails occur?
Free cash flow approach to value the firm equity : The firm currently has debt of $7.3 million outstanding. Use the free cash flow approach to value the firm’s equity.
Probability distribution describes the distribution : Suppose a company rates it employees on a 1-4 scale (with 4 being the highest rating) and the following probability distribution describes the distribution
What mechanisms of accountability are most effective hcos : What mechanisms of accountability are most effective for nonprofit HCOs? Why is it difficult to forecast health care delivery in the United States?
Probability distribution describes distribution of ratings : Suppose a company rates it employees on a 1-4 scale (with 4 being the highest rating) and the following probability distribution describes the distribution
What is the probability that a stock chosen at random : What is the probability that a stock chosen at random has a return of greater than 17%? (please round your answer to 4 decimal places)
Discuss how to access team productivity : Discuss how to access team productivity:What conditions need to be in place for teams to excel and why?

Reviews

Write a Review

Business Economics Questions & Answers

  What would the nash equilibrium be in this game

Two street racers are playing a simultaneous game of chicken. They have to race towards each other and whoever swerves first is chicken and faces shame, a loss of 8, while the winner enjoys a gain of 3. If neither stop, they would crash into each oth..

  Average cost-marginal cost-demand and marginal revenue curve

De Beers is a monopolist which supplies diamonds with constant marginal cost and constant average total cost. Draw the average cost, marginal cost, demand and marginal revenue curves. Show the price charged by De Beers without price discrimination.

  Discuss what measuring inequality involves

Briefly discuss what measuring inequality involves, and provide two examples for doing so. measuring income inequality means dividing up the population into various groups and then comparing the groups.

  Supply-demand curve and locate equilibrium price and quality

Fill in the surplus-shortage column. what is the equilibrium price in this market? what price is there neither a surplus nor a shortage? draw the supply curve and the demand curve and locate the equilibrium price and quality.

  Under expansion via capital projects in the low-calorie

Examine the major complexities that would arise under expansion via capital projects in the low-calorie, frozen microwavable food industry. Propose key actions that a company could take in order to prevent or address these complexities.

  Draw the cost effectiveness frontier

Draw the Cost effectiveness Frontier - What concept can you attribute this change in treatment choice before and after insurance? Explain.

  What happens to the income of factor of production

What happens to the income of a factor of production when it becomes more mobile? Other things being equal, would the income to the owners of this factor rise or fall? Why?

  What is the equilibrium income level and rate of interest

What is the equilibrium income level and rate of interest? Suppose there is an increase in t from .15 to .20 . What will be the change in the equilibrium level of income and interest rate? Suppose there is a decrease in government expenditures (G) fr..

  If labor productivity grew at the rate

If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.

  Produce an after-tax rate of return

For depreciation, a salvage value of zero was used. Bonnie wants a 15% after-tax rate of return on her investment.

  Aggregate-demand curve slopes downward

Consider listing and explaining the three reasons the aggregate-demand curve slopes downward.

  Describe the functions of money

Describe the functions of money and consider the U.S. dollar as an example. Although the U.S. dollar has little or no intrinsic value

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