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

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 5.19%?
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 5.19%?
A) 0.06 
B) 0.41 
C) 0.59 
D) 1.00

A Survey of Banks Revealed the Following Distribution for the Interest