What is the probability an individual would remain at the company and has less than 5 years of experience?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Topic Video
Question
Please answer number 4 and show work. Thank you!!!
Use the following table for problems 2-4.
A sample of executives was surveyed about their loyalty to the company. One of the questions was "If you
were given an offer by another company equal to or slightly better than your present position, would you
remain with the company or take the other position?". The responses of 200 executives in the survey were
cross-classified with their length of service with the company.
Length of Service
1-5 years
Loyalty
Would remain
<1 year
6-10 years
> 10 years
Total
10
30
75
120
Would leave
25
15
10
30
80
Total
35
45
15
105
200
2. Using a significance level of 0.05, is there evidence that there is a relationship between 'loyalty' and ʻlength
of service'?
Но:
Test statistic:
Conclusion:
H1:
p-value:
3. Among those who have more than 10 years of service, what is the probability they would leave the
company?
4. What is the probability an individual would remain at the company and has less than 5 years of experience?
Transcribed Image Text:Use the following table for problems 2-4. A sample of executives was surveyed about their loyalty to the company. One of the questions was "If you were given an offer by another company equal to or slightly better than your present position, would you remain with the company or take the other position?". The responses of 200 executives in the survey were cross-classified with their length of service with the company. Length of Service 1-5 years Loyalty Would remain <1 year 6-10 years > 10 years Total 10 30 75 120 Would leave 25 15 10 30 80 Total 35 45 15 105 200 2. Using a significance level of 0.05, is there evidence that there is a relationship between 'loyalty' and ʻlength of service'? Но: Test statistic: Conclusion: H1: p-value: 3. Among those who have more than 10 years of service, what is the probability they would leave the company? 4. What is the probability an individual would remain at the company and has less than 5 years of experience?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Data Collection, Sampling Methods, and Bias
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman