If the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.6, what is the probability that out of 8 newly hired people (A) 5 will still be with the company after 1 year? (B) 5 or more will still be with the company after 1 year? Round each of the calculations to three decimal places when going through the solution process. C (A) P(5 will still be there) (Round to three decimal places as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.8: Probability
Problem 56E
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If the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.6, what
is the probability that out of 8 newly hired people
(A) 5 will still be with the company after 1 year?
(B) 5 or more will still be with the company after 1 year?
Round each of the calculations to three decimal places when going through the solution process.
(A) P(5 will still be there)
(Round to three decimal places as needed.)
Transcribed Image Text:K If the probability of a new employee in a fast-food chain still being with the company at the end of the year is 0.6, what is the probability that out of 8 newly hired people (A) 5 will still be with the company after 1 year? (B) 5 or more will still be with the company after 1 year? Round each of the calculations to three decimal places when going through the solution process. (A) P(5 will still be there) (Round to three decimal places as needed.)
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