Question

A consulting company must hire 20 new associates per year to replace those who have left the company for other positions or have retired. The company employs 117 associates overall. How long is the average associate employed at the consulting company?

Answer 1

Answer:

5.85 years

Step-by-step explanation:

Overall number of associates employed = 117

Number of associates employed per year = 20

Average = Total number of associates employed ÷ number of associates employed per year = 117 associates ÷ 20 associates per year = 5.85 years

Answer 2

Answer: 5.85 years

Therefore, an average associate is employed for 5.85 years.

Step-by-step explanation:

Given:

Rate of employment yearly = 20 associates per year

Total number of associates = 117 associates

Since the total number of associates remain constant the rate at which they employ new associates is equal to the rate at which associates leave = 20 per year

If 20 new associates are employed in a particular year it would take aan average of :

Average employment year A = total number of associates divided by the rate at which associates leave

A = 117/20

A = 5.85 years

Therefore, an average associate is employed for 5.85 years.