Answer:
14.72% probability that both professors get their grants funded
Explanation:
Independent events:
If two events, A and B are independent, the probability of both happening is:
In this question:
Event A: Professor Jane is funded
Event B: Professor Joe is funded.
Professor Jane has a probability of 0.64 of being funded.
This means that
Professor Joe has probability 0.23 of being funded.
This means that
What is the probability that both professors get their grants funded
14.72% probability that both professors get their grants funded