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A labor department reported that about one-third of eligible workers haven't enrolled in their employers' 401(k) plans.
Posted: Sun Oct 03, 2021 3:25 pm
by answerhappygod
- A Labor Department Reported That About One Third Of Eligible Workers Haven T Enrolled In Their Employers 401 K Plans 1 (123.21 KiB) Viewed 130 times
A labor department reported that about one-third of eligible workers haven't enrolled in their employers' 401(k) plans. A
company has been contemplating new incentives to encourage more participation from its employees. Of the 17 employees in the
company's automotive department, 6 have enrolled in a 401(k) plan. The store manager has randomly selected 8 of the automotive department employees to receive investment training. Complete parts a through c below. a. Calculate the probability that all of the employees currently enrolled in the 401(k) program are selected for the investment training. The probability is 0.0023 . (Round to four decimal places as needed.) b. Calculate the probability that none of the employees currently enrolled in the 401(k) program is selected for the investment training. The probability is 0.0068 . (Round to four decimal places as needed.) c. Compute the probability more half the employees currently enrolled in 401(k) program are selected for invest ent training. The probability is (Round to four decimal places as needed.)