SOLUTION: Only 21% of the candidates who apply for an MBA program in a university are called for an interview, and only 5% of those who are called for an interview are offered admission. If

Question 953451: Only 21% of the candidates who apply for an MBA program in a university are called for an interview, and only 5% of those who are called for an interview are offered admission. If the name of a candidate is picked at random from the list of all applicants, what is the probability that the candidate will finally be offered admission?

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Only 21% of the candidates who apply for an MBA program in a university are called for an interview, and only 5% of those who are called for an interview are offered admission. If the name of a candidate is picked at random from the list of all applicants, what is the probability that the candidate will finally be offered admission?
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0.05*0.21 = 0.0105
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Cheers,
Stan H.
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