Length of Service |
|||||
Loyalty |
Less than 1 Year |
1–5 Years |
6–10 Years |
More than 10 Years |
Total |
Would remain |
10 |
30 |
5 |
75 |
120 |
Would not remain |
25 |
15 |
10 |
30 |
80 |
TOTAL |
35 |
45 |
15 |
105 |
200 |
A survey of all 200 executives of a company measured their
loyalty to the company. One of the
questions asked was, \If you were given an oer by another company
equal or slightly better than
your present position, would you remain with the company or take
the new position?" The responses
of the 200 executives are cross-classied with their length of
service with the company in the table
below. That is the responses of each executive was included in the
column corresponding to her/his
length of service, and the row corresponding to loyalty.
1. Define clearly the events before you answer the following
questions.
2. What is the probability that the selected executive will be
loyal to the company?
3. What is the probability that the selected executive has less
than one year of service?
4. What is the probability that the selected executive will be
loyal to the company and will have
more than 5 years of service?
5. What is the probability that the selected executive, who has
between 6 and 10 years of service,
will not be loyal to the company?
6. What is the probability that the selected executive, who is not
loyal to the company, has less
than 6 years of service?
For further queries, please comment below.
Thank you.
Get Answers For Free
Most questions answered within 1 hours.