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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