Probability I: Introductory Ideas

Marcia Lerner will graduate in 3 months with a master’s degree in business administration. Her school’s placement offi ce indicates that the probability of receiving a job offer as the result of any given on-campus interview is about 0.07 and is statistically independent from interview to interview. (a) What is the probability that Marcia will not get a job offer in any of her next three interviews? (b) If she has three interviews per month, what is the probability that she will have at least one job offer by the time she fi nishes school? (c) What is the probability that in her next fi ve interviews she will get job offers on the third and fi fth interviews only?

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