# Question

A graduating student keeps applying for jobs until she has three offers. The probability of getting an offer at any trial is 0.48.

a. What is the expected number of applications? What is the variance?

b. If she has enough time to complete only six applications, how confident can she be of getting three offers within the available time?

c. If she wants to be at least 95% confident of getting three offers, how many applications should she prepare?

d. Suppose she has time for at most six applications. For what minimum value of p can she still have 95% confidence of getting three offers within the available time?

a. What is the expected number of applications? What is the variance?

b. If she has enough time to complete only six applications, how confident can she be of getting three offers within the available time?

c. If she wants to be at least 95% confident of getting three offers, how many applications should she prepare?

d. Suppose she has time for at most six applications. For what minimum value of p can she still have 95% confidence of getting three offers within the available time?

## Answer to relevant Questions

A real estate agent has four houses to sell before the end of the month by contacting prospective customers one by one. Each customer has an independent 0.24 probability of buying a house on being contacted by the agent. a. ...The number of rescue calls received by a rescue squad in a city follows a Poisson distribution with µ = 2.83 per day. The squad can handle at most four calls a day. a. What is the probability that the squad will be able to ...An MBA graduate keeps interviewing for jobs, one by one, and will stop interviewing on receiving an offer. In each interview he has an independent probability 0.2166 of getting the job. a. What is the expected number of ...Based on the survey conducted by a municipal administration in the Netherlands, Monday appeared to be managements' preferred day for laying off workers. Of the total number of workers laid off in a given period, 30% were on ...An analyst kept track of the daily price quotation for a given stock. The frequency data led to the following probability distribution of daily stock price: Price x in Dollars P(x) 17 ............ 0.05 17.125 ...Post your question

0