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3.   A recent survey by the American Accounting Association revealed 23 percent     of students graduating...

3.   A recent survey by the American Accounting Association revealed 23 percent
    of students graduating with a major in accounting select public accounting.
Suppose we select a sample of 15 recent graduates
       (a) What is the probability five select public accounting?
       (b) How many graduates on average (expected value) would you expect to select public accounting?
       (c) Compute the variance and standard deviation (Use the short-cut formulas).

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