document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=662582>Question 662582</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A recent report in businessweek indicates that 20 percent of all employess steal from their company each year.  if a company empoys 50 people, what is the probability that fewer than 5 emplyees steal? More than 5 employees steal?  Exactly 5 employees steal?  More than 5 but fewer than 15 employees steal? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #412378 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=412378\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A recent report in businessweek indicates that 20 percent of all employess steal from their company each year. if a company employs 50 people, what is the probability that fewer than 5 emplyees steal? More than 5 employees steal? Exactly 5 employees steal? More than 5 but fewer than 15 employees steal?<BR>\n" );
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document.write( "Binomial Problem with n = 50 ; p(steal) = 0.2<BR>\n" );
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document.write( "what is the probability that fewer than 5 emplyees steal?<BR>\n" );
document.write( "Ans: P(0<= x < 4) = binomcdf(50,0.2,4) = 0.0185<BR>\n" );
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document.write( "More than 5 employees steal?<BR>\n" );
document.write( "Ans: 1 - answer to previous = 0.9815<BR>\n" );
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document.write( "Exactly 5 employees steal?<BR>\n" );
document.write( "Ans: P(x = 5) = 50C5(0.2)^5*(0.95)^45 = binompdf(50,0.2,5) = 0.0295 <BR>\n" );
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document.write( "More than 5 but fewer than 15 employees steal?<BR>\n" );
document.write( "Ans: P(6<= x <= 14) = binomcdf(50,0.2,14)-binomcdf(50,0.2,5) = 0.8913<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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