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A Survey of Banks Revealed the Following Distribution for the Interest

Question 38

Multiple Choice

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) on a certain date in the past. 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) on a certain date in the past. 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 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

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