Let x be 1, 4, 9, 16 and y be 1, 2, 3, 4.
Now, xy={1, 2, 3, 4, 4, 8, 12, 16, 9, 18, 27, 36, 16, 32, 48, 64}
Total number of possible outcomes =16
Number of outcomes where product is more than 16=6
i.e., {18, 27, 36, 32, 48, 64}
∴ Required probability = 616=38