Answer: 0.16
Step-by-step explanation:
Given: The probability that a student graduating from Suburban State University has student loans to pay off after graduation is =0.60
Then the probability that a student graduating from Suburban State University does not have student loans to pay off after graduation is =[tex]1-0.6=0.4[/tex]
Since all the given event is independent for all students.
Then , the probability that neither of them has student loans to pay off after graduation is given by :-
[tex](0.4)\times(0.4)=0.16[/tex]
Hence, the probability that neither of them has student loans to pay off after graduation =0.16