A student majoring in accounting is trying to decide on the number of firms to w

Question

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. What is the probability that he receives no job offers? 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. What is the probability that he receives no job offers?

Explanation / Answer

P(recieving a job offerafter applying) = 0.7

P(not recieving a job offerafter applying) = 0.3

Number of jobs applied for = 4

P(receiving no job offers) = 0.34 = 0.0081

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