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The probability that a university graduate will be offered

The probability that a university graduate will be offered no jobs within a month of graduation is estimated to be 5%. The probability of receiving one, two, and three job offers has similarly been estimated to be 43%, 31%, and 21%, respectively. Determine the following probabilities.

a. A graduate is offered fewer than two jobs.

b. A graduate is offered more than one job.

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Finance Basics: The probability that a university graduate will be offered

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