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Suppose that the sick leave taken by the typical worker
Chapter 5, Problem 14E(choose chapter or problem)
QUESTION:
Problem 14E
Suppose that the sick leave taken by the typical worker per year has μ = 10, σ = 2, measured in days. A firm has n = 20 employees. Assuming independence, how many sick days should the firm budget if the financial officer wants the probability of exceeding the number of days budgeted to be less than 20%?
Questions & Answers
QUESTION:
Problem 14E
Suppose that the sick leave taken by the typical worker per year has μ = 10, σ = 2, measured in days. A firm has n = 20 employees. Assuming independence, how many sick days should the firm budget if the financial officer wants the probability of exceeding the number of days budgeted to be less than 20%?
ANSWER:
Step 1 of 5
From the question given that: