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 3.49%?
A)0.06
B)0.41
C)0.59
D)1.00

Question

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 3.49%?
A)0.06 
B)0.41 
C)0.59 
D)1.00

Quizplus · Accepted Answer

The Answer of 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 3.49%?
A)0.06 
B)0.41 
C)0.59 
D)1.00

A Survey of Banks Revealed the Following Distribution for the Interest