Question: 3 students apply to a PhD program. The program accepts 25% of all applicants. Students are accepted and rejected independently of each other. Let the

3 students apply to a PhD program. The program accepts 25% of all applicants. Students are accepted and rejected independently of each other. Let the random variable X represent the number out of the 3 students who get accepted from the PhD Program. (Hint: Binomial distribution with n=3 and p=25%)

What is the mean of the random variable? (round your answer to 4 decimal places)

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