Assume You Have Applied to Two Different Universities (Let's Refer

question 65

Short Answer

Assume you have applied to two different universities (let's refer to them as Universities A and B) for your graduate work. In the past, 25% of students (with similar credentials as yours) who applied to University A were accepted, while University B accepted 35% of the applicants. Assume events are independent of each other.
a.What is the probability that you will be accepted to both universities?
b.What is the probability that you will be accepted to at least one graduate program?
c.What is the probability that one and only one of the universities will accept you?
d.What is the probability that neither university will accept you?

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Definitions:

Routine Response Behavior

Consumer behavior characterized by frequent, habitual purchases where little thought, search, or comparison is involved.

Limited Problem Solving

A decision-making approach used by consumers when purchasing products that involve a moderate level of engagement and research.

Low-involvement Purchase

A buying decision that is made with minimal research and consideration due to the low cost or risk involved in the purchase.

Trek Bicycle

A brand of bicycles and cycling products known for innovation and quality in the cycling industry.