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In: Economics

A factory has 60% of newly hired workers quit within a year. The company hires 2...

A factory has 60% of newly hired workers quit within a year. The company hires 2 workers at the same time. Suppose each workers' decisions to leave or stay are independent.

a) What is the probability of both workers will work there for more than one year?

b) What is the probability of at least one will work there for more than one year?

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