Finite Math and Applied Calculus (6th Edition)

Published by Brooks Cole
ISBN 10: 1133607705
ISBN 13: 978-1-13360-770-0

Chapter 7 - Section 7.3 - Probability and Probability Models - Exercises: 47b

Answer

$.33$

Work Step by Step

$E=${Past Due, In Foreclosure, Repossessed} $fr(E)=53,310+8,750+5,090=67,150$ $N=203,480$ $P(E)=\frac{fr(E)}{N}=\frac{67,150}{203,480}\approx 0.33$
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