Question

A recent article in the paper claims that business ethics are at an all-time low. Reporting on a recent sample, the paper claims that 45% of all employees believe their company president possesses low ethical standards. Suppose 20 of a company's employees are randomly and independently sampled and asked if they believe their company president has low ethical standards and their years of experience at the company. Could the probability distribution for the number of years of experience be modelled by a binomial probability distribution?

Answer 1

Yes, the probability distribution for the number of years of experience can be modelled by a binomial probability distribution

Explanation:

We are told that on a recent sample, the paper claims that 45% of all employees believe their company president possesses low ethical standards.

This means the chance of success is p = 45% = 0.45

Now, 20 of the company's employees are randomly and independently sampled. This means that for any amount of success within this sample number can be represented by;

P(X = x) = C(n, x) × p^(x) × (1 - p)^(n - x)

Where;

x is the number of possible successes

n is the number of trials

p is the chance or probability of success

C(n, x) is the number of possible combinations that could occur

This formula represents the binomial probability distribution formula.

So yes, the probability distribution for the number of years of experience can be modelled by a binomial probability distribution