Peter applied to an accounting firm and a consulting firm. He knows that 30% of similarly qualified applicants receive job offers from the accounting firm, while only 20% of similarly qualified applicants receive job offers from the consulting firm. Assume that receiving an offer from one firm is independent of receiving an offer from the other. What is the probability that both firms offer Peter a job?
A) 0.05
B) 0.06
C) 0.44
D) 0.50

Question

Quizplus · Accepted Answer

The probability that both firms offer Peter a job is found by multiplying the probabilities of each event happening independently: 0.30 (accounting firm) * 0.20 (consulting firm) = 0.06.

Peter Applied to an Accounting Firm and a Consulting Firm