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Sue Anne Owns a Medium-Sized Business What Is the Standard Deviation of the Number of Employees

question 86

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Sue Anne owns a medium-sized business.The probability model below describes the number of employees that may call in sick on any given day.  Number of Employees Sick 01234P(X=x) 0.050.40.250.20.1\begin{array} { c | c c c c c } \text { Number of Employees Sick } & 0 & 1 & 2 & 3 & 4 \\\hline \mathrm { P } ( \mathrm { X } = \mathrm { x } ) & 0.05 & 0.4 & 0.25 & 0.2 & 0.1\end{array} What is the standard deviation of the number of employees calling in sick each day?


Definitions:

Strike Action

A work stoppage initiated by employees as a form of protest, typically aimed at securing better conditions or pay from their employers.

Negotiations Break Down

This occurs when parties engaged in negotiation are unable to reach an agreement or consensus, leading to an impasse.

Arbitration

The settling of a dispute between labour and management by a third party.

Disciplinary Action

Measures taken by an organization against an employee who has violated company policies or failed to meet expected standards of conduct.

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