Problem

Suppose that the sick leave taken by the typical worker per year has μ = 10, σ = 2, meas...

Suppose that the sick leave taken by the typical worker per year has μ = 10, σ = 2, measured in days. A firm has n = 20 employees. Assuming independence, how many sick days should the firm budget if the financial officer wants the probability of exceeding the number of days budgeted to be less than 20%?

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Solutions For Problems in Chapter 3.6