Interpretation You are applying for two jobs, and you estimate the probability of getting an offer for the first job is 0.70 while the probability of getting an offer for the second job is 0.80. Assume the job offers are independent.

(a) Compute the probability of getting offers for both jobs. How does this probability compare to the probability of getting each individual job offer?

(b) Compute the probability of getting an offer for either the first or the second job. How does this probability compare to the probability of getting each individual job offer? Does it seem worthwhile to apply for both jobs? Explain.

AppendixLO1