So Bill and Laura like all of the choices equally. This means that the probability of each of them choosing one out of the four is the same for each options. So this probability is 1 out of 4: 1/4. So the probability of Bill choosing apple pie is 1/4 and that of Laura choosing strawberry cheesecake is also 1/4. The probability of both making those choices at the same time is given by the product of the mentioned probabilities. Then the probability we are looking for is:
[tex]\frac{1}{4}\cdot\frac{1}{4}=\frac{1}{16}=0.063[/tex]Then the answer is the fourth option.