Tim is the owner of bleckie investment and real estate company. The company recently purchased four tracts of land in Holly Farm Estates and and six tracts in Newburg woods. The tracts are all equally desirable and sell for about the same amount.

a. What is the probability that the next two tracts sold will be in Newburg Woods

I am guessing the answer is:

(0.5*0.4)+(0.5*0.3)