Question

The probability a student at a university is a business major is 0.17. The probability a student at a university is receiving financial aid is 0.55. Assume whether is a student is a business major is independent of whether the student is receiving financial aid. What is the probability the student is a business major and receiving financial aid

Answer 1

Answer: 0.0935

Step-by-step explanation: p(business major) = 0.17, p(receiving financial aids) = 0.55

The two events are independent that's the occurrence of one does not affect the other.

Hence, the probability of that the student is a business major and receiving financial aid is given below as

p(business major and financial aid) = 0.17×0.55 = 0.0935.