The probability that a credit score is equal to or higher than 700 is 0.45. The probability that a mortgage will be approved given a credit score of 700 or higher is 0.6.The probability that a mortgage application will be denied given a credit score of less than 700 is 0.8.

1. What is the probability a random mortgage application will be approved?
   1. 0.38
   2. 0.55
   3. 0..25
   4. 0.87

1. What is the probability a credit score was 700 or above given that the mortgage application was approved?
   1. 0.35
   2. 0.49
   3. 0.71
   4. 0.29