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the associate head of a certain business school is looking to hire 3 un…

Question

the associate head of a certain business school is looking to hire 3 undergraduate students as teaching assistants for the introduction to business analytics course. there is currently a pool of 12 students consisting of 4 finance majors, 6 accounting majors, and 2 marketing majors. believing all students are equally capable, the associate head will randomly pick 3 students (without replacement) from the pool of 12 teaching a candidate candidates. x is the random variable that counts the number of accounting majors that are to be hired as teaching assistants. complete the probability distribution table for x below. use four decimals in your probability computations.

Explanation:

Step1: Calculate \(P(X = 1)\)

Use the hypergeometric formula \(P(X=k)=\frac{\binom{K}{k}\binom{N - K}{n - k}}{\binom{N}{n}}\), where \(N = 12\) (total students), \(K = 6\) (Accounting majors), \(n=3\) (students to be picked).
For \(k = 1\):

$$ LATEXBLOCK0 $$

Step2: Calculate \(P(X = 2)\)

For \(k = 2\):

$$ LATEXBLOCK1 $$

Answer:

The values of \(x\) are \(0\), \(1\), \(2\), \(3\).
\(P(X = 1)=0.4091\), \(P(X = 2)=0.4091\)