A bank offers both adjustable rate and fixed rate mortgage loans on residential properties, which are classified into three categories: single family houses, condominiums, and multifamily dwellings. Each loan made in 2010 was classified according to type of mortgage and type of property, resulting in the following table. Consider the chance experiment of selecting one of these 3,750 loans at random.

a. What is the probability that the selected loan will be for an adjustable rate mortgage?
b. What is the probability that the selected loan will be for a multifamily property?
c. What is the probability that the selected loan will not be for a single family property?
d. What is the probability that the selected loan will be for a single family property or a condo?
e. What is the probability that the selected loan will be for a multifamily property or for an adjustable rate loan?
f. What is the probability that the selected loan will be a fixed rate loan for a condo?

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Adjustable Fxed-Rate Total Single-Famly Condo Multifamily Total 337 2625 373 ,125 710 3.750 1.500 375 788 377 1,8751.16s