What is the standard deviation of the number of trainees

Assignment Help Business Economics
Reference no: EM13892043

A company hires management trainees for entry level sales positions. Past experience indicates that only 20% will still be employed at the end of nine months. Assume the company recently hired six trainees.

What is the standard deviation of the number of trainees that will still be employed at the end of nine months?

Reference no: EM13892043

Questions Cloud

Suppose the economys output of goods and services : Suppose the velocity of money is constant at 5 transactions per year, the price level for this year is $1, and real GDP this year is $8,000,000. Suppose the economy's output of goods and services rises by 5% each year. What will nominal GDP be equal ..
Suppose the velocity of money is constant : Suppose the velocity of money is constant at 10 transactions per year, the price level for this year is $4, and real GDP this year is $6,000,000. What is the money supply this year?
Calculate producer surplus if there are no taxes : Consider a market with demand given by P=450-2Q and supply curve given by P=100+3Q. Calculate Producer Surplus if there are no taxes.
Lead to the development of the feudalist society : Which of the following factors did NOT lead to the development of the Feudalist society?
What is the standard deviation of the number of trainees : A company hires management trainees for entry level sales positions. Past experience indicates that only 20% will still be employed at the end of nine months. Assume the company recently hired six trainees. What is the standard deviation of the numbe..
Supply of cigarettes is elastic but not perfectly elastic : The demand for cigarettes is price inelastic, but not perfectly inelastic. The supply of cigarettes is elastic, but not perfectly elastic. If there were no price controls or other complicating regulations, what would a model of supply and demand ther..
Small manufacturing facility that produces widgets : Suppose you are hired to manage a small manufacturing facility that produces Widgets. You know that you are operating in a monopolistically competitive market, that is, you are a small part of a large market with many competitors in this market. From..
When the production function and the revenue are function : When the production function and the revenue are function the same in a model? (Answer is related to an assumption made about the price of the consumption good)
Compute the mean and variance of the portfolio : Shirley Johnson, portfolio manager, has asked you to analyze a newly acquired portfolio to determine its mean value and variability. The portfolio consists of 50 shares of Xylophone Music and 40 shares of Yankee Workshop. Compute the mean and varianc..

Reviews

Write a Review

Business Economics Questions & Answers

  Actual relationship between inflation rate-unemployment rate

Present a thorough analysis of the inverse relationship between inflation and unemployment reflected by the Phillips curve. Describe the importance of expectations and how they affect the actual relationship between the inflation rate and the unemplo..

  Executive branch of government and the wide range of power

You have studied the executive branch of government and the wide range of power, as well as the various roles of the head of that branch, the president. Consider the presidency of Barack Obama.

  Illustrate the use the orange points square symbols

Illustrate the use the orange points square symbols to plot the portion of the supply curve that corresponds to prices where there is positive output.

  Assume the price of large gulf shrimp

Assume the price of large gulf shrimp is $18 per pound and that the price of hard shell Maine lobster tails is $36 per pound. Your professor uses ½ pound of lobster or ½ pound of shrimp with various pasta dishes. In a typical month he cooks 4 shrimp/..

  Destroy millions of dollars worth of crops each year

Which program forces farmers to destroy millions of dollars worth of crops each year?

  Suppose that the equilibrium nominal exchange rate

Suppose that the equilibrium nominal exchange rate is 130 Japanese yen to the U.S. dollar. If the Federal Reserve wishes to maintain an exchange rate of 140 Japanese yen to the U.S. dollar, it must meet the private excess ________ dollars in the fore..

  Elucidate at what production quantity ?these two invest

assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.

  Qcountry economic analysis report country for indiacollect

q.country economic analysis report country for indiacollect the following data for the most recent year available1

  Illustrate what is ricardian equivalence

Illustrate what is Ricardian equivalence. Mention and explain three reasons why Ricardian equivalence might not correctly describe an economy.

  Suppose insurance companies know with certainty driver type

Suppose there are two types of drivers on the road. Speed Racers have a 7% chance of causing an accident per year, while Low Riders have a 2% chance of causing an accident per year. Suppose the insurance companies know with certainty each driver’s ty..

  True about the loanable funds market

Which of the following is (are) true about the loanable funds market?

  Are you for or against free trade are you for or against na

Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..

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