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%?
Definitions:
Text Messaging
The act of sending brief, electronic messages between two or more mobile devices.
SMS
Short Messaging Service, a text messaging service component of most telephone, internet, and mobile-device systems.
MMS
Multimedia Messaging Service, a standard way to send multimedia content via mobile phones.
Cellular Network
A wireless communication network distributed over land areas called cells, each served by at least one fixed-location transceiver, for mobile phones and data transfer.
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