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A Survey of Banks Revealed the Following Distribution for the Interest

question 67

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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:

Id Impulses

The instinctive and primitive behaviors and urges that are derived from the id part of the psyche, according to Freudian theory.

Superego

In psychoanalytic theory, the part of the personality responsible for ideals, moral standards, and conscience.

Rorschach Inkblot Test

A projective psychological test consisting of inkblots to analyze a person's personality structure and identify emotional disturbances.

Reliability

The extent to which a test measures consistently.

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