A company hires management trainees for entry level sales, Business Economics

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A company hires management trainees for entry level sales

A company hires management trainees for entry level sales positions. Past experience indicates that only 20% will still be employed at the end of nine months. Assume the company recently hired six trainees.

What is the standard deviation of the number of trainees that will still be employed at the end of nine months?

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Business Economics: A company hires management trainees for entry level sales

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