A survey of banks revealed the following distribution for the interest rate being charged on a home loan (based on a 30-year mortgage with a 10% down payment) .
If a bank is selected at random from this distribution, what is the chance that the interest rate charged on a home loan will exceed 5.19%?
A) 0.06
B) 0.41
C) 0.59
D) 1.00
Correct Answer:
Verified
Q23: The probability that house sales will increase
Q25: A company has 2 machines that produce
Q26: According to a survey of American households,the
Q27: The probability that a new advertising campaign
Q27: According to a survey of American households,the
Q28: The probability that house sales will increase
Q30: The probability that a new advertising campaign
Q32: According to a survey of American households,the
Q38: The probability that a new advertising campaign
Q40: The probability that house sales will increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents