Now suppose that you have applied to four colleges, and your probabilities of acceptance are 0.70 for college I, 0.90 for college J, 0.60 for college K, and 0.20 for college L. Assume that the events of acceptance are independent among all these four colleges (I, J, K, and L)Use the multiplication rule for independent events to determine the probability that you are accepted by all four colleges. Would you consider this to be a fairly likely event