Two buildings are located close together at a production ...

[RYAN BANYAN]

Two buildings are located close together at a production facility. The probability that either of these buildings will experience a fire loss is 4 percent.
 
  However, if one building has a fire, the probability that the second building will have a fire is 60 percent. What is the probability that both buildings will have a fire?
  A) 1.6 percent
  B) 2.4 percent
  C) 8.0 percent
  D) 64.0 percent

Question 2

A large property and liability insurance company merged with a bank and then acquired a stock brokerage company. This type of merger and acquisition activity is categorized as
 
  A) insurance company consolidation.
  B) cross-industry consolidation.
  C) financial risk management.
  D) insurance brokerage consolidation.

[aliotak]

Answer to Question 1

Answer: B

Answer to Question 2

Answer: B