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Once a year employees at a company are given the opportunity to join one of three pension plans, A, B, or C. Once an employee decides to join one of these plans, the employee cannot drop the plan or switch to another plan. Past records indicate that each year 9% of the employees elect to join plan A, 7% elect to join plan B, 20% elect to join plan C, and the remainder to not join any plan. (1) In the long run, what percentage of employees will elect to join plans A, B, and C? (2) On average, how many years will it take an employee to decide to join a plan? (1) % of employees will elect to join plan A. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan B. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan C. (Type an integer or decimal. Round to the nearest tenth.) (2) It will take years, on average, for an employee to decide join a plan. oreet integes

Once a year employees at a company are given the opportunity to join one of three pension plans, A, B, or C. Once an employee decides to join one of these plans, the employee cannot drop the plan or switch to another plan. Past records indicate that each year 9% of the employees elect to join plan A, 7% elect to join plan B, 20% elect to join plan C, and the remainder to not join any plan. (1) In the long run, what percentage of employees will elect to join plans A, B, and C? (2) On average, how many years will it take an employee to decide to join a plan? (1) % of employees will elect to join plan A. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan B. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan C. (Type an integer or decimal. Round to the nearest tenth.) (2) It will take years, on average, for an employee to decide join a plan. oreet integes

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Once a year employees at a company are given the opportunity to join one of three pension plans, A, B, or C. Once an employee decides to join one of these plans, the employee cannot drop the plan or switch to another plan. Past records indicate that each year 9% of the employees elect to join plan A, 7% elect to join plan B, 20% elect to join plan C, and the remainder to not join any plan. (1) In the long run, what percentage of employees will elect to join plans A, B, and C? (2) On average, how many years will it take an employee to decide to join a plan? (1) % of employees will elect to join plan A. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan B. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan C. (Type an integer or decimal. Round to the nearest tenth.) (2) It will take (Round to the nearest integer.) years, on average, for an employee to decide to join a plan.
Transcribed Image Text:Once a year employees at a company are given the opportunity to join one of three pension plans, A, B, or C. Once an employee decides to join one of these plans, the employee cannot drop the plan or switch to another plan. Past records indicate that each year 9% of the employees elect to join plan A, 7% elect to join plan B, 20% elect to join plan C, and the remainder to not join any plan. (1) In the long run, what percentage of employees will elect to join plans A, B, and C? (2) On average, how many years will it take an employee to decide to join a plan? (1) % of employees will elect to join plan A. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan B. (Type an integer or decimal. Round to the nearest tenth.) % of employees will elect to join plan C. (Type an integer or decimal. Round to the nearest tenth.) (2) It will take (Round to the nearest integer.) years, on average, for an employee to decide to join a plan.
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