Make 15 into an improper fraction (every number is a fraction over 1) so multiply the numerator(15) and the denominator(1) by 10 to get 150/10 then add 150/10 to 7/10 to get 157/10
The 3 lbs of candy is irrelevant, so we can discard that. All you need to do is divide 147 by 26, which is 5.65 pieces of candy. Each student will get 5 pieces, with a few left over.