Question
1.The following table shows the frequency distribution of the credit scores for a random sample of homeowners who recently refinanced their mortgage at Delaware Bank.
1.The following table shows the frequency distribution of the credit scores for a random sample of homeowners who recently refinanced their mortgage at Delaware Bank.
Credit score Frequency
700 to under 720 7
720 to under 740 14
740 to under 760 25
760 to under 780 16
780 to under 800 8
(a) Find the probability that a randomly homeowner has a credit score of 720 to under 740. (solution with explanation)
(b) Find the probability that a randomly homeowner has a credit score of at least 760. (solution with explanation)
(c) Find the probability that a randomly homeowner has a credit score of at most 740. (solution with explanation)
(d) Find the probability that a randomly homeowner has a credit score of between 720 and 780. (solution with explanation)
round your answers to three decimal places
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started