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?

---

Definitions:

Sustainable Growth Rate

The maximum rate at which a company can grow its earnings without needing to increase its financial leverage or equity financing.

Dividend Payout Ratio

The proportion of earnings that a company pays to its shareholders in the form of dividends.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Mission Statement

A brief declaration that outlines an organization's purpose, objectives, and approach to reach its goals, guiding its strategic planning and decision making.