From the given information, the probability that 4 new cereals will be produced and 2 are oats and 2 are rice is
[tex]P(2\text{oats }\cap\text{ 2 rice)}=P(2\text{oats)}\times P(2rice)[/tex]The first probability is given by
[tex]P(2\text{oats)}=\frac{5C2}{12C4}[/tex]where 5C2 denotes the combination of 5 oats taken in 2. The second probability is given by
[tex]P(2\text{rice)}=\frac{4C2}{12C4}[/tex]Then the searched probability is
[tex]\begin{gathered} P(2\text{oats }\cap\text{ 2 rice)}=P(2\text{oats)}\times P(2rice) \\ P(2\text{oats }\cap\text{ 2 rice)}=\frac{5C2}{12C4}\times\frac{4C2}{12C4} \end{gathered}[/tex]which gives
[tex]\begin{gathered} P(2\text{oats }\cap\text{ 2 rice)}=\frac{10}{495}\times\frac{6}{495} \\ P(2\text{oats }\cap\text{ 2 rice)}=0.00024 \end{gathered}[/tex]then the answer is 0.00024.