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At work Some business analysts estimate that the length of time people work at a job has
Chapter 17, Problem 46(choose chapter or problem)
Some business analysts estimate that the length of time people work at a job has a mean of 6.2 years and a standard deviation of 4.5 years.
a) Explain why you suspect this distribution may be skewed to the right.
b) Explain why you could estimate the probability that 100 people selected at random had worked for their employers an average of 10 years or more, but you could not estimate the probability that an individual had done so.
Questions & Answers
QUESTION:
Some business analysts estimate that the length of time people work at a job has a mean of 6.2 years and a standard deviation of 4.5 years.
a) Explain why you suspect this distribution may be skewed to the right.
b) Explain why you could estimate the probability that 100 people selected at random had worked for their employers an average of 10 years or more, but you could not estimate the probability that an individual had done so.
ANSWER:
Step 1 of 4
Given,
The mean length of time people work at a job,
The standard deviation of length of time people work at a job,
Using this data, let’s determine the following: