Question: Question 6: (2 points) A BComm student is trying to decide how many firms to apply for a job upon graduation. Given his work experience


Question 6: (2 points) A BComm student is trying to decide how many firms to apply for a job upon graduation. Given his work experience and grades, he can expect to receive a job offer from 75% of the firms to which he applies. What is the least number of firms to which the student should apply so that the probability that he receives at least one job offer is greater than 99.5%? (a) 2 (b) 3 (e) 4 (d) 5 (e) none of the above Answer 6: (e) Let n be the least number of firms to which the student should apply so that the probability that he receives at least one job offer is greater than 99.5%. In other words, the probability of not getting any offer is less than 0.5%. Mathematically, P(no offer) = (1 -0.75)" 3.52. The least number is 4
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