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Resigning Probabilities

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A company finds that on average 20% of all new employees resign during their first year of employment. Find the probability that, among the next 30 employees hired, exactly five will resign during their first year of employment.

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Solution Summary

The solution finds the probability that, among the next 30 employees hired, exactly five will resign during their first year of employment.

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See attached file.

Assume this follows a binomial distribution
(outcomes are ...

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