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A student majoring in accounting is trying to decide on the number of firms to which hew should apply. Given his work experience and grades,

  1. A student majoring in accounting is trying to decide on the number of firms to which hew should apply. Given his work experience and grades, he can expect to receive a job offer from 45% of the firms to which he applies. The student decides to apply to five firms. What is the probability that he receives three job offers?

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