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. 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