Multiple Choice
A recent 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 8.0%?
A) 0.06
B) 0.59
C) 0.41
D) 1.00
Correct Answer:

Verified
Correct Answer:
Verified
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