Do you know Squidward? According to a survey by Nickelodeon TV, 92% of children under in Germany recognized a picture of the cartoon character SpongeBob SquarePants. Assume that among those children, 83% also recognized SpongeBob's cranky neighbor Squidward Tentacles. What is the probability that a German child recognized both SpongeBob and Squidward? Write your answer as a fraction or a decimal, rounded to four decimal places.