Hi all!
Probability of being accepted for a new job is 15 %
An applicant makes 50 applications.
Probability being accepted to all of those jobs is ((15/100)^50)*100%
But what is the probability of being accepted to at least 5 % of those jobs?
Or what is the probability of being accepted to at least 95 % of those jobs?
Probability of being accepted for a new job is 15 %
An applicant makes 50 applications.
Probability being accepted to all of those jobs is ((15/100)^50)*100%
But what is the probability of being accepted to at least 5 % of those jobs?
Or what is the probability of being accepted to at least 95 % of those jobs?