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iNCREDiBLE
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I'm new to this, so can someone please explain how this problem is solved:
What is the probability that your divisions manning will decrease given that corporation's retention rate?
Corporation retention figures for first-term (0-4 years), second-term (4-8 years), and third-term contracts (8-12 years) were 30%, 46%, and 54% respectively.
Personnel within the division is:
10 first-term individuals
12 second-term individuals
10 third-term individuals
We know the corporations retention figures as they have already occurred, now...what is the probability of attrition within a division within the corporation with regards to this additional information?
What is the probability that your divisions manning will decrease given that corporation's retention rate?
Corporation retention figures for first-term (0-4 years), second-term (4-8 years), and third-term contracts (8-12 years) were 30%, 46%, and 54% respectively.
Personnel within the division is:
10 first-term individuals
12 second-term individuals
10 third-term individuals
We know the corporations retention figures as they have already occurred, now...what is the probability of attrition within a division within the corporation with regards to this additional information?