Examlex

Solved

A Survey of Banks Revealed the Following Distribution for the Interest

question 102

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) . 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
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%?


Definitions:

Geography

The study of the Earth's physical features, environment, and human-environment interactions.

Sales Potential

The maximum total sales of a product or service that could be achieved within a specific market over a given time period.

Follow-Up

Maintaining contact with a customer (or prospect) in order to evaluate the effectiveness of the product and the satisfaction of the customer.

Selling Process

A series of steps taken by sales professionals to identify prospective buyers, communicate value, and close sales transactions.

Related Questions