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1) Joe is considering pursuing an MBA degree. He has applied to two different universities. The...

1) 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.

a. What is the probability that Joe will be accepted at one, and only one, university?

b. What is the probability that he gets into both?

c. What is the probability that he doesn't get into either?

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