Magazine yielded the following results regarding employment

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A survey of CEOs in Fortune magazine yielded the following results regarding employment. One question asked was: "Do you expect the number of regular full time employees at your company to increase, decrease or remain the same?" The percentage of CEOs responding to "increase," "decrease," and "remain the same" are as follows:

Next 12

months

Increase 34%

Remain the

same 28%

Decrease 38%

Let the random variable, x, be coded 1, 0 and -1 for the categories increase, remain the same and decrease, respectively.

Compute the expected value of x. Find P(x >0).

Reference no: EM132250238

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