A marketing firm randomly sends a mass promotional mailing to 16% of the households in a new market area. From experience the firm knows that the probability of response to a mailing is 0.05. What is the probability that a household receives the mailing and responds? Round your answer to 3 decimal places.

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A marketing firm randomly sends a mass promotional mailing to 16% of the households in a new market area. From experience the firm knows that the probability of response to a mailing is 0.05. What is the probability that a household receives the mailing and responds? Round your answer to 3 decimal places.

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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.05*.16= .008

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