Suppose that a company wishes to hire 3 new workers. Each applicant interviewed has a probability 0.6 of being acceptable. (a) What is the distribution of the total number of applicants that the company needs to interview? (b) If the company has a budget that allows up to six applicants to be interviewed. Then what is the probability that the budget is sufficient? (c) What is the expected number of interviews? can you explain how to get the answer please? Solution F(x)= cumulative distribution = 0 ,0.

1. Suppose that a company's equity is currently selling for $25 per share and that there are 1
million shares outstanding. If the firm also has 9 thousand bonds outstanding, which are selling
at 98 percent of par ($1,000), what are the firm's current capital structure weights for equity and
debt respectively?
Solution