Reference no: EM132474255

Many research studies have been conducted to examine how different organizations are on implementing knowledge management process. For example, studies have proved that larger firms have more resources to utilize, and so they have taken more efforts to implement knowledge management process. The Journal of Business Research (Aug. 2014) published a study^* discussing the relationship between knowledge management process and organizational performance. The table below shows the percentage of different size of firms participated in the study. These firms have been classified in terms of number of employees working.

Micro (12 employees)

Small (40 employees)

Medium (75 employees)

Large (150 employees)

Very large (300 employees

% of companies

26.05

19.32

14.28

11.76

28.57

• Randomly select one of the participated company from this study. Let x be the number of employees working in the company. Write the probability distribution of this x.
• What is the probability that the selected company employs more than 50 employees?
• Find E(x) and σ. Interpret the result.