Twenty Percent of the Applications Received for a Particular Position

question 53

Essay

Twenty percent of the applications received for a particular position are rejected. What is the probability that among the next fourteen applications,
a.none will be rejected?
b.all will be rejected?
c.less than 2 will be rejected?
d.more than four will be rejected?
e.Determine the expected number of rejected applications and its variance.

---

Definitions:

Management Rights

The legal and practical powers that allow managers and executives to direct operations and make decisions within an organization.

Hourly Wage

Compensation paid to an employee based on the number of hours worked.

Secret Profit

Gains obtained by an individual, often an agent or fiduciary, without the knowledge or consent of the principal or beneficiary they represent.

Duty Of Loyalty

An obligation of fiduciaries to act in the best interest of the party they owe the duty to, often in contexts such as corporate governance.