I have a question. Let’s say only 15 out of 50 job candidates can get the job at a company. (30%) Would an individual prefer sampling WITH replacement or sampling WITHOUT replacement, if they wanted to sample 5 job candidates from a pool of 50 candidates, HOPING that the 5 be one of the 15 that got the job??? I thought about it, and wrote out all the binomial and hyper-geometric probability distributions, but somewhere in the middle, the probabilities conflict so I am having trouble. *SIGH* Please help!!!
proby you shoud reread grounds of probability and not trouble hyper-geometric probability distribution? ???
P.S. PH.D., CFA, MBA