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Problem

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Textbook Expert
Textbook ExpertVerified Tutor
25 Oct 2021

Given information

From the problem 1, the complete table is shown below:

The main objective is to find, on average, how long would you expect a new hire to stay with the company.

Step-by-step explanation

Step 1.

Here, one need to find the expected duration that a new hire will stay with the company on an average.

For this use the formula for expectation as shown in the below table:

 

Then,

 

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