Use the following information for questions 2.5 and 2.6 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 T00 is 0.8. 25) What is the probability a random mortgage application will be approved? A. 0.38 B. 0.55 C. 0.25 D. 0.8? 26) What is the probability a credit score was 700 or above given that the mortgage application was approved? A. 0.35 B. 0.49 C. 0.71 D. 0.2.9 2?) Apex Bakery would like you to recommend how many loaves of bread to make at the beginning of the day. Each loaf costs $3.00 and can be sold for $6.00. Loaves left over are given to charity. Research has shown that the probabilities for demand of 2.5, 50, and 75 loaves are 2.5%, 5%, and 70%, respectively. Make a recommendation to Apex on whether to bake 25, 50 or 75 loaves each morning. Which strategy is most protable? Hint: Prot = Revenue-Costs, also revenue is based on the number of loaves sold, which is the minimum of the supply of loaves and eventual demand. A. Most protable to bake 25 loaves B. Most protable to bake 50 loaves C. Most protable to bake 75 loaves D. Both A and B are correct