Suppose that the probability that a student graduating fromcollege has a student

Question

Suppose that the probability that a student graduating fromcollege has a student loan to pay off after graduation is 0.60 Iftwo students are randomly selected from the college find theprobability that neither of them has a loan to pay aftergraduation. Suppose that the probability that a student graduating fromcollege has a student loan to pay off after graduation is 0.60 Iftwo students are randomly selected from the college find theprobability that neither of them has a loan to pay aftergraduation.

Explanation / Answer

P(no loan) = 1 - P(loan) = 1 - 0.6 = 0.4 P(neither have lloan) = P(1 has no loan)2 =0.42 = 0.16

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