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Joe Is Considering Pursuing an MBA Degree

question 24

Short Answer

Joe is considering pursuing an MBA degree.He has applied to two different universities.The acceptance rate for applicants with similar qualifications is 30% for University A and 20% for University B.You may assume that the universities make their decisions independently of one another.
-What is the probability that Joe will not be accepted at either university?


Definitions:

Expensive

Referring to something that has a high cost or price associated with its acquisition, upkeep, or use.

Educates People

The process of providing knowledge, skills, and information to individuals, typically through structured learning environments.

Provides Jobs

The creation or provision of employment opportunities for individuals within a community or economy.

Strong Incentives

Powerful motivators or rewards designed to influence the actions and behaviors of individuals or organizations towards specific outcomes.

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