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A recent report in BusinessWeek indicated that 20 percent of all employees steal from
Chapter 0, Problem 56(choose chapter or problem)
A recent report in BusinessWeek indicated that 20 percent of all employees steal from their company each year. If a company employs 50 people, what is the probability that: a. Fewer than 5 employees steal? b. More than 5 employees steal? c. Exactly 5 employees steal? d. More than 5 but fewer than 15 employees steal?
Questions & Answers
QUESTION:
A recent report in BusinessWeek indicated that 20 percent of all employees steal from their company each year. If a company employs 50 people, what is the probability that: a. Fewer than 5 employees steal? b. More than 5 employees steal? c. Exactly 5 employees steal? d. More than 5 but fewer than 15 employees steal?
ANSWER:Step 1 of 5
Probability that employees steel from their companies is or .
Total number of employees is .
Let be the employees who steal.
Mean of the distribution
Standard deviation of the distribution