In a Large Corporation, 65% of the Employees Are Male

question 58

Short Answer

In a large corporation, 65% of the employees are male. A random sample of five employees is selected. Use the Binomial probability tables to answer the following questions.
a.What is the probability that the sample contains exactly three male employees?
b.What is the probability that the sample contains no male employees?
c.What is the probability that the sample contains more than three female employees?
d.What is the expected number of female employees in the sample?

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Definitions:

Common Stock

This represents ownership shares in a corporation, providing voting rights and entitling the holder to a share of the company's success through dividends and capital appreciation.

Stockholder

An individual or entity that owns shares in a corporation, giving them ownership interest.

Dividends Account

An account used in bookkeeping that records the dividends paid out to shareholders from a corporation's earnings.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.