Question
A PhD graduate has applied for a job with two universities, A and B. The graduate feels that she has a 60% chance of receiving
A PhD graduate has applied for a job with two universities, A and B. The graduate feels that she has a 60% chance of receiving an offer from university A, and a 30% chance of receiving an offer from university B. If she receives an offer from university B, she believes that she has an 80% chance of receiving an offer from university A. What is the probability that both universities will make her an offer?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
