SOLUTION: Suppose that 48% of people own dogs. If you pick two people at random, what is the probability that they both own a dog? Give your answer as a decimal rounded to 4 places.

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Question 1180519: Suppose that 48% of people own dogs. If you pick two people at random, what is
the probability that they both own a dog? Give your answer as a decimal
rounded to 4 places.

Answer by Edwin McCravy(20054) About Me  (Show Source):
You can put this solution on YOUR website!
On the average, the first person picked will own dogs 48% of the time.

The second person picked will own dogs 48% of that 48% of the time.

The answer is 48% of 48% of the time, or (48%)(48%) = (0.48)(0.48) = 0.2304.

Edwin