If the probability of a new employee in a fast-food chain still being with the company at

Question:

If the probability of a new employee in a fast-food chain still being with the company at the end of 1 year is .6, what is the probability that out of 8 newly hired people,

(A) 5 will still be with the company after 1 year?

(B) 5 or more will still be with the company after 1 year?

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Step by Step Answer:

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To calculate the probability for each scenario we can use the binomial probability formula PXk n cho...View the full answer

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