3. Joe is considering pursuing an MBA degree. He has applied to two different universities. The acceptance rate for applicants with similar qualifications is 25% for University A and 40% for University B. What is the probability that Joe will not be accepted at either university? (Points : 4) 0.75 0.45 0.90 0.65 0.60 Solution Given P(A)=0.25, P(B)=0.4 So the probability is P(A\' and B\') = P(A\')*P(B\') =[1-P(A)]*[1-P(B)] =(1-0.25)*(1-0.4) =0.45 Answer:0.45.