Josh Has Been Given Two Assignments, Assignment a and Assignment

question 88

Multiple Choice

Josh has been given two assignments, assignment A and assignment B.He estimates that the chance of getting a passing grade on assignment A is 60% and the chance of getting a passing grade on assignment B is 50%.Assuming that assignment grades are statistically independent, how likely is it that Josh gets a passing grade on both assignments?

• A)20%
• B)50%
• C)30%
• D)10%
• E)70%

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Definitions:

Additional Benefit

An additional benefit refers to extra advantages or perks that come from using a product or engaging in an activity, beyond the primary gains.

Additional Cost

The extra cost that is incurred when an economic agent decides to increase the level of an activity or purchase.

Labor Market

The marketplace in which individuals offer their labor for employment and employers seek to hire labor to fill available positions.

Resource Market

The market where resources or inputs such as labor, capital, and raw materials are bought and sold.