The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. Mortgage Status Past In Current Repossessed Total Due Foreclosure Number 106,330 58,310 8,350 5,090 178,080 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. HINT [See Example 1.] (Round your answer to two decimal places.) (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.)

The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. Mortgage Status Past In Current Repossessed Total Due Foreclosure Number 106,330 58,310 8,350 5,090 178,080 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. HINT [See Example 1.] (Round your answer to two decimal places.) (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.)

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Description: The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, brokendown into four categories.MortgageStatusPastInCurrentRepossessedTotalDueForeclosureNumber 106,330 58,3108,3505,090178,080(The four

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. MortgageStatus Current PastDue InForeclosure Repossessed Total Number 156,330 58,310 8,550 5,590 228,780 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. HINT [See Example 1.] (Round your answer to two decimal places.) (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.)
The following chart shows the (approximate) total number of subprime home mortgages in a state in November 2008, broken down into four categories. MortgageStatus Current Past Due In Foreclosure Repossessed Total Number 126,330 59,310 8,250 5,190 199,080 (The four categories are mutually exclusive; for instance, "Past Due" refers to a mortgage whose payment status is past due but is not in foreclosure, and "In Foreclosure" refers to a mortgage that is in the process of being foreclosed but not yet repossessed.) (a) Find the probability that a randomly selected subprime mortgage in the state during November 2008 was neither in foreclosure nor repossessed. (Round your answer to two decimal places.) ____ (b) What is the probability that a randomly selected subprime mortgage in the state during November 2008 was not current? (Round your answer to two decimal places.) ____ fill in the blank
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