A PhD Graduate Has Applied for a Job with Two

question 35

Short Answer

A PhD graduate has applied for a job with two universities, A and B.The graduate feels that she has a 60% chance of receiving an offer from university A, and a 30% chance of receiving an offer from university B.If she receives an offer from university B, she believes that she has an 70% chance of receiving an offer from university A. a.What is the probability that both universities will make her an offer?
b.What is the probability that at least one university will make her an offer?
c.If she receives an offer from university B, what is the probability that she will not receive an offer from university A?

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Definitions:

Security Interest

A legal claim or right granted over assets as security for the repayment of a debt or performance of some obligation.

Personal Property

Any form of property that is movable and not fixed permanently to one location, as opposed to real property or real estate.

Debtor's Possession

Refers to a situation in bankruptcy proceedings where the debtor retains possession and control of its assets while undergoing reorganization.

Security Interest

A legal claim or lien on collateral that has been offered to secure a loan, which grants the lender a right to repossession if the borrower defaults.