Final answer:
To find the probability that Stephen picks a red car and his parents approve of the color, we need to multiply the probabilities of each event occurring. The probability is 0.1161 or 11.61%.
Step-by-step explanation:
To find the probability that Stephen picks a red car and his parents approve of the color, we need to multiply the probabilities of each event occuring.
The probability of picking a red car is 27% (or 0.27 in decimal form).
The probability of his parents approving the color is 43% (or 0.43 in decimal form).
To find the probability of both events happening, we multiply the probabilities: 0.27 * 0.43 = 0.1161 or 11.61%.