Question

Each year a company selects a number of employees for a management training program. On average,...

Each year a company selects a number of employees for a management training program. On average, 50 percent of those sent complete the program. Out of the 24 people sent, what is the probability that 13 or more complete the program?

a) 0.7293

b) 0.8293

c) 0.5805

d) 0.2706

e) 0.4194

f) None of the above

Homework Answers

Answer #1

n = 24

p = 0.5

It is a binomial distribution.

P(X = x) = nCx * px * (1 - p)n - x

P(X > 13) = P(X = 13) + P(X = 14) + P(X = 15) + P(X = 16) + P(X = 17) + P(X = 18) + P(X = 19) + P(X = 20) + P(X = 21) + P(X = 22) + P(X = 23) P(X = 24)

            = 24C13 * (0.5)^13 * (0.5)^11 + 24C14 * (0.5)^14 * (0.5)^10 + 24C15 * (0.5)^15 * (0.5)^9 + 24C16 * (0.5)^16 * (0.5)^8 + 24C17 * (0.5)^17 * (0.5)^7 + 24C18 * (0.5)^18 * (0.5)^6 + 24C19 * (0.5)^19 * (0.5)^5 + 24C20 * (0.5)^20 * (0.5)^4 + 24C21 * (0.5)^21 * (0.5)^3 + 24C22 * (0.5)^22 * (0.5)^2 + 24C23 * (0.5)^23 * (0.5)^1 + 24C24 * (0.5)^24 * (0.5)^0

           = 0.4194

Option - e is correct.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
As part of a quality improvement initiative, employees of MindWorks must complete a three-day training program...
As part of a quality improvement initiative, employees of MindWorks must complete a three-day training program on teaming and a two-day training program on problem solving. The manager of quality improvement has requested that at least 8 training programs on teaming and at least 10 training programs on problem solving be offered during the next six months. In addition, senior management has specified that at least 25 total training programs must be offered during this period. The consultant that teaches...
The Mohawk Discount Store is designing a management training program for individuals at its corporate headquarters....
The Mohawk Discount Store is designing a management training program for individuals at its corporate headquarters. The company wants to design the program so that trainees can complete it as quickly as possible. Important precedence relationships must be maintained between assignments or activities in the program. For example, a trainee cannot serve as an assistant to the store manager until the trainee has obtained experience in the credit department and at least one sales department. The following activities are the...
A training company provides classroom and online instruction to hundreds of people per month. As part...
A training company provides classroom and online instruction to hundreds of people per month. As part of their training program a satisfaction survey is conducted at the end of each course. The training company believes there might be a change in its satisfaction rates. During the prior calendar year their satisfaction rate was 94.2%. Over the past 6 months the number of satisfied responses was 824 out of 892 surveys. Use the information provided to perform a 1 sample proportion...
(a) In an insurance company the average number of sick leaves for an employee is 0.5...
(a) In an insurance company the average number of sick leaves for an employee is 0.5 per month. The numbers of sick leaves in different months are independent. Under appropriate assumptions about the distribution, find the probability that the number of sick leaves for an employee is at least four days in a year. Write down and justify your assumptions. (b) An insurance company has three different types of employees, with 100 people of each type. Find the probability that...
A local company is concerned about the number of days missed by its employees due to...
A local company is concerned about the number of days missed by its employees due to illness. A random sample of 10 employees is selected. The number of days absent in one year is listed below. An incentive program is offered in an attempt to decrease the number of days absent. The number of days absent in one year after the incentive program is listed below. Employee A B C D E F G H I J Days Absent Before...
A company has ve employees on its health insurance plan. Each year, each employee independently has...
A company has ve employees on its health insurance plan. Each year, each employee independently has an 80% probability of no hospital admissions. If an employee requires one or more hospital admissions, the number of ad- missions is modeled by a geometric distribution with a mean of 1.50. The numbers of hospital admissions of different employees are mutually indepen- dent. Each hospital admission costs 20,000. Calculate the probability that the company's total hospital costs in a year are less than...
A company is collecting data on number of call-outs employees are making yearly. These call outs...
A company is collecting data on number of call-outs employees are making yearly. These call outs also known as occurrences are outside the normal six days each employee gets a year. Below is a representation of that data showcasing the number of this occurrences tied to the age of the employee. Create a probability distribution table. Use the probability distribution to find the mean, variance, and standard deviation of the probability distribution. Age 19 20 21 22 23 24 25...
A small manufacturing company has 340 employees (excluding top management) classified as supervisors, professional staff, and...
A small manufacturing company has 340 employees (excluding top management) classified as supervisors, professional staff, and blue collar workers. It is known that there are 20 supervisors, and 70% of all employees are blue collar workers. Two percent of supervisors, 40% of professional staff, and 74% of blue collar workers are union members. Construct a contingency table given the above data. a- What percentage of workers are union members? b- If a random union member employee is selected, what is...
A.D. Small Consulting A.D. Small, Inc., provides management consulting services from its offices located in more...
A.D. Small Consulting A.D. Small, Inc., provides management consulting services from its offices located in more than 300 cities in the United States and abroad. The company recruits its staff from top graduates of recognized MBA programs. Upon joining A.D. Small, a recruit attends an intensive two-month training program at the Boston headquarters, and upon successful completion of the training program is assigned to a consulting team in a field office. To make sure that the training program covers new...
What is the answer to these Quastions? The performance effectiveness of employees is provided to them...
What is the answer to these Quastions? The performance effectiveness of employees is provided to them during the _______ process. a. Performance appraisal b. Achievement discrepancy c. Ability analysis d. Performance feedback e. a and d are correct From a(n)  ______________ standpoint, the effect on performance motivation may be limited in ownership program because of the less obvious link between pay and performance. a.   Agency theory b.   Equity theory c.   Efficiency wage theory d.   Reinforcement theory e.   Contract theory Prometheus Corp. is a large-scale manufacturer of...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT