Finite Math and Applied Calculus (6th Edition)

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

Chapter 7 - Section 7.2 - Relative Frequency - Exercises - Page 465: 27b

Answer

$.33$

Work Step by Step

We are interested in the event $E=${Past Due, In Foreclosure, Repossessed} The sample size is $N=134+52+9+5=200$, of which $134$ were Current. The frequency of $E$ is $fr(E)=200-134=66$ The relative frequency of $E$ is $P(E)=\frac{fr(E)}{N}=\frac{66}{200}=.33$
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