Suppose that a marketing research firm sends questionnaires to two different companies. Based on historical evidence, the marketing research firm believes that each company, independently of the other, will return the questionnaire with probability 0.40. What is the probability that both questionnaires are returned? Round your answer to 2 decimal places.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Suppose that a marketing research firm sends questionnaires to two
different companies. Based on historical evidence, the marketing research
firm believes that each company, independently of the other, will return
the questionnaire with probability 0.40. What is the probability
that both questionnaires are returned? Round your answer to 2 decimal
places.
Transcribed Image Text:Suppose that a marketing research firm sends questionnaires to two different companies. Based on historical evidence, the marketing research firm believes that each company, independently of the other, will return the questionnaire with probability 0.40. What is the probability that both questionnaires are returned? Round your answer to 2 decimal places.
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