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Hiring of Workers Probability

Estimation of workers to be hired during 3 month period:

# to be hired Probability
___________ _________
0 5%
1 10%
2 15%
3 20%
4 30%
5 15%
6 5%

How many people should be expected to be hired with a 75 percent probability over any 3 month period?

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Let X be the number of people who are hired with a 3 month period. From the given ...

Solution Summary

The solution estimates number of workers to be hired.

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