Eight percent of all college graduates hired by companies stay with the same company for more than five years. The probability that in a random sample of 12 such college graduates hired recently by companies, exactly two will stay with the same company for more than five years is

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Mathematics

Ashlynn Manning

2 August, 20:46

Eight percent of all college graduates hired by companies stay with the same company for more than five years. The probability that in a random sample of 12 such college graduates hired recently by companies, exactly two will stay with the same company for more than five years is

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Robert Ramsey · Answer 1

0.1835

Step-by-step explanation:

This question can be solved by way of binomial distribution.

Let's have the probability of success as p which is the probability that they stay with the company for more than five years;

p = 8/100 = 0.08

probability of failure, meaning not staying is q = 1-p = 1-0.08 = 0.92

Now let's write the expression for the binomial distribution. That would be;

probability = 12C2 * 0.08^2 * 0.92^10

= 0.1835