A sample of executives was surveyed about their loyalty to the company. One of the questions was, "If you were given an offer by another company equal to or slightly better than your present position,...


A sample of executives was surveyed about their loyalty to the company. One of the questions was, "If you were given an offer by another company equal to or slightly better than your present position, would you remain with the company or take the other position?" The responses of the 200 executives in the survey were cross classified with their length of service with the company. (See Table 5-1.)


TABLE 5-1 Loyalty of Executives and Length of Service with Company


What is the probability of randomly selecting an executive who is loyal to the company (would remain) and who has more than 10 years of service?




May 26, 2022
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