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 probability that none of the trainees will still be employed at the end of nine months?
A)0.5314
B)0.3771
C)0.4686
D)0.0000

Question

Quizplus · Accepted Answer

The probability that none of the trainees will still be employed is calculated using the binomial probability formula: P(X=0) = (6 choose 0) * (0.1)^0 * (0.9)^6 = 0.5314.