SOLUTION: The probability that an adult possesses a credit card is 0.73. A researcher selects four adults at random. The probability (rounded to two decimal places) that all of the four adul

Algebra ->  Probability-and-statistics -> SOLUTION: The probability that an adult possesses a credit card is 0.73. A researcher selects four adults at random. The probability (rounded to two decimal places) that all of the four adul      Log On


   

Question 1044956: The probability that an adult possesses a credit card is 0.73. A researcher selects four adults at random. The probability (rounded to two decimal places) that all of the four adults possess a credit card is:
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
It is 0.73^4=0.28
Independent events (random) have the probabilities multiplied.