A firm plans to hire 100 employees during the year. It expects that 25 of these employees will obtain graduate degrees within the next 5 years of being hired. In addition, 35 employees will leave the firm within 5 years. Of these, 18 will have obtained graduate degrees.
1. What is the probability that a newly hired employee will obtain a graduate degree and will leave the firm in the next 5
2. What is the probability that a newly hired employee will not obtain a graduate degree in the next 5 years?
3. What % of the new employees hired this year will have left the firm or obtained a graduate degree within the next 5 years?
1. Total # of new hires leaving with graduate degrees = 18
Thus probability = ...
The solution provides answers to the probability questions. Overall, a concise answer to the problems being asked with full explanation.