Jim Is Considering Pursuing an MS in Information Systems Degree

question 49

Multiple Choice

Jim is considering pursuing an MS in Information Systems degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 20% for University X and 45% for University Y. What is the probability that Jim will not be accepted at either university?

• A).30
• B) .36
• C) .44
• D) .56

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Definitions:

Individual Shops

Small retail outlets owned or operated by individuals or families, often offering specialized goods or services.

Forward Auctions

Auctions that sellers use as a selling channel to many potential buyers; the highest bidder wins the items.

Lower Prices

A pricing strategy adopted by businesses to attract more customers by offering goods or services at reduced costs compared to competitors.

Group Purchasing

The aggregation of purchasing orders from many buyers so that a volume discount can be obtained.