There are five people in the human resource department of Hobsons Choice Meats. Three are planning to

Question:

There are five people in the human resource department of Hobson’s Choice Meats. Three are planning to retire next year; two expect to stay for at least three more years.

a. List the five possible samples of size 4 that could be selected from the department.

b. Show the proportion of people in each sample who plan to retire.

c. Produce a table showing the sampling distribution of the sample proportion and show the corresponding bar chart.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...