Q.7.12
Question
Individuals through n,n > , are to be recruited into a firm in the following manner: Individual starts the firm and recruits individual . Individuals and will then compete to recruit individual . Once individual is recruited, individuals , and will compete to recruit individual , and so on. Suppose that when individuals ,...,i compete to recruit individual i + , each of them is equally likely to be the successful recruiter.
(a) Find the expected number of the individuals ,...,n who did not recruit anyone else.
(b) Derive an expression for the variance of the number of individuals who did not recruit anyone else, and evaluate it for n=.
Step-by-Step Solution
VerifiedFrom the information,
a) The expected number of the individuals ,...,n who did not recruit anyone else is
b) An expression for the variance of the number of individuals who did not recruit anyone else is
Find the expected number of the individuals ...,n who did not recruit anyone else.
Let Xi= If individual i don't recruit anyone
= otherwise
Find the expected number of the individuals ...,n who did not recruit anyone else is
Derive an expression for the variance of the number of individuals who did not recruit anyone else, and evaluate it for n=.
Derive an expression for the variance of the numberof individuals who did not recruit anyone else is