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Mathematics, 08.06.2021 18:20 ryleerose255
A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 60% chance of hiring at least two candidates. There is only a 6% chance that it will not make any hires and a 16% chance that it will make all three hires.
Required:
a. What is the probability that the firm will make at least one hire?
b. Find the expected value and the standard deviation of the number of hires.
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Answers: 1
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A marketing firm is considering making up to three new hires. Given its specific needs, the manageme...
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