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Similar questions give 27% - 2 students and 89% - 10 students
Answer was 17?
94% chance the first student opened one. 94%*94% chance both the first two students opened one. 94%^3 chance of the first three, etc... When it gets to student #12: 0.94^12 = 0.476 It takes 12 students before there is greater than a 50% chance that one of them has opened an offer. The general formula is: 1 - 0.94^x where x is the number of students. 0.94^x is the chance that x number of students have all opened an offer. So 1-0.94^x is all other chances, that is, that at least one student has opened an offer.
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