Question

Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will be accepted at one and only one university?

Answer 1

The probability that Joe will be accepted at one and only one university

P(A n B ) = 0.1

Explanation:

Given data the acceptance rate for applicants with similar qualifications is 25% for University A

P(A) = 25% =0.25

The acceptance rate for applicants with similar qualifications is 40% for University B

P(B) = 40% =0.40

Independent events:

let E and F are said to be independent events then

P(E n F ) = P(E ) P(F)

both universities are independent

The probability that Joe will be accepted at one and only one university

P(A n B ) = P(A) P(B) = 0.25 X 0.40 = 0.1