Mathematics, 30.07.2021 03:50 khorasanpublic
A student majoring in accounting is trying to decide on the number of firms to which he should apply. Given his work experience and grades, he can expect to receive a job offer from 70% of the firms to which he applies. The student decides to apply to only four firms.
(a) What is the probability that he receives no job offer?
(b) How many job offers he expects to get?
(c) What is the probability that more than half of the firms he applied do not make him any offer?
(d) What assumptions do you need to make to find the probabilities? To increase the chance of securing more job offers, the student decides to apply to as many companies as possible, he sent out 60 applications to all different accounting firms.
(e) What is the probability of him securing more than 3 offers?
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