Joe Is Considering Pursuing an MBA Degree

question 73

Multiple Choice

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

• A) 0.25
• B) 0.55
• C) 0.10
• D) 0.35
• E) 0.40

---

Definitions:

Time

In economics, time is considered a valuable resource, affecting labor, production, and opportunity costs.

Boring Business

A term humorously used to describe industries or enterprises that are perceived as lacking excitement or innovation.

M.B.A.s

Master of Business Administration degrees, advanced educational qualifications aimed at providing individuals with knowledge about various aspects of business management.

Advertising Budget

The amount of money allocated by a business or organization for promoting its products, services, or brand within a specific time period.