Solution Found!
Suppose that the sick leave taken by the typical worker per year has = 10, = 2, measured
Chapter 5, Problem 5.6-14(choose chapter or problem)
QUESTION:
Suppose that the sick leave taken by the typical worker per year has \(\mu = 10\), \(\sigma = 2\), 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:
Suppose that the sick leave taken by the typical worker per year has \(\mu = 10\), \(\sigma = 2\), 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 3