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A Company Finds That 74% of Applicants for a Job

question 46

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A company finds that 74% of applicants for a job do not have the required qualifications.How many applications should they expect to read before finding a suitably qualified applicant?


Definitions:

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.

Birth Rate

The number of live births per thousand of population per year.

Population

The total set of individuals or items of interest for statistical, analytical, or research purposes.

Per Annum

An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.

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