1. A local restaurant believes that 14% of viewers will have a positive response to their new social media campaign. Data has shown that of those with a positive response, 25% will become loyal customers. If you are a regular consumer, what is the probability that the social media campaign will turn you into a loyal customer?
2. Spears School of Business has a 94% placement rate within 6-months of graduation. What is the probability that you and your two closest friends, that are also in the business school, will not have employment (none of you) 6-months after you all graduate?