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In any given year, the chance of a good year is 40%, an average year is 35%, and the chance of a bad year is 25%. What is the probability of having two good years in a row?

A)

10.00%.

B)

16.00%.

C)

8.75%.




The joint probability of independent events is obtained by multiplying the probabilities of the individual events together: (0.40) × (0.40) = 0.16 or 16%.

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c

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