THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
A company hires management trainees for entry level sales positions.Past experience indicates that only 10% will still be employed at the end of nine months.Assume the company recently hired six trainees.
-What is the expected number of the trainees that will still be employed at the end of nine months?
A)0.6
B)0.9
C)3.0
D)4.0

Question

Quizplus · Accepted Answer

The expected number of trainees still employed after nine months is calculated by multiplying the total number of trainees by the probability of a trainee still being employed after nine months. With 6 trainees and a 10% retention rate, the calculation is 6 * 0.10 = 0.6.