11 A client's application for home loan is assessed independently by two consultants X and Y for his/her credit worthiness in order to approve the loan. The odds of the consultant X to assess in favor of client is 3:4 while the chances for consultant Y to reject the loan is 35%. What is the chance that both consultants will approve the loan? 10 11 12 13 1. of 5 19 tion O a. 52% O b. 75% Finish attempt .. O c. 72% O d. 92% O e. 80% Next page page 20

11 A client's application for home loan is assessed independently by two consultants X and Y for his/her credit worthiness in order to approve the loan. The odds of the consultant X to assess in favor of client is 3:4 while the chances for consultant Y to reject the loan is 35%. What is the chance that both consultants will approve the loan? 10 11 12 13 1. of 5 19 tion O a. 52% O b. 75% Finish attempt .. O c. 72% O d. 92% O e. 80% Next page page 20

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Similar questions

Your insurance company has a policy to ensure personal property. Assume you have a laptop worth $2,400 and there's a 4% chance that the laptop will be lost or stolen during the next year. What would be a fair premium for the insurance? We are assuming that the insurance company earns no profit
There was a baseball game between Oscar and Gabe. The chance of Oscar winning is 3/5 (60%). The chance of Gabe winning is 2/5 (40%). This game wasn't a one game competition. It's the best of 5 series. This means the first person to win 3 games is the overall champion. What's the probability (% is best) that Oscar is the champion? Don't answer this question as Oscar with a 60% chance and Gabe as a 40% chance. Also, don’t use the equation for finding multiple events for probability.
Charlie buys a one-year term home insurance policy for $p, that will pay $200,000 in the event of a major catastrophe and $35,000 in the event of a minor catastrophe. Charlie's home has a 0.2% chance of a major catastrophe and a 0.7% of a minor catastrophe during the one year term. What did the insurance company charge Charlie for this policy if the company expected to break even?
Find the theoretical probability that the pointer will land on win?
For the experiment of rolling an ordinary pair of dice, find the probability that the sum will be less than 7 or greater than 11.
1.If the probability of success (P) is 0.70 (70%), then What is the probability of failure? What are the odds?
During a basketball game, Sebastián is shooting two free throws. He makes 95% of his free throws. Assuming that his free throws are independent events, find the percent chance that he... (Note: Do not round your answers.) is in the groove and makes both free throws. makes the first and then misses the second. misses the first and then makes the second. struggles and misses both of his free throws. What is the sum of these four answers? % % % do %
the sales manager knows that 18% of his clients do not pay their debts in full. He supposes that he selects a sample of 59+ clients. What is the probability that 15% or more will not be fulfilled in their obligations? Type your answer here:
Suppose you are conducting a test of significance to try to determine whether your cat, Hope, will go to the correct object (out of two) when it is pointed to. You test Hope 100 times and finds she goes to the correct object in 70 out of those 100 trials. In this scenario, what is the variable? Whether or not Hope goes to the correct object The 100 trials The proportion of the 100 trials that Hope goes to the correct object The long term proportion (probability) that Hope will go to the correct object
snip
Q.3 (i) You are taking a 50 question multiple choice test. Each question has 4 choices. Clueless on 1 question, you decide to guess. What is the probability that you will get it correct? (ii) If a passing grade is 30 correct answers, what is the probability that you will pass if you guess on all 50 questions.
Maria plays basketball and is a 64% free throw shooter (meaning on average she hits 64 of 100 free throws). Maria attempts five free throw shots in a typical game. During a 25-game season, Maria had a game in which she attempted five free throws and hit all five of them. Do you think she had a "hot" day, or was it just chance? Explain your reasoning. .……... Is the streak surprising? Explain. Select the correct choice below and fill in the answer box(es) within your choice. (Round to two decimal places as needed.) A. The probability that she made five free throw tosses out of five is OB. The probability that she made five free throw tosses out of five is OC. The probability that she made five free throw tosses out of five is D. The probability that she made five free throw tosses out of five is which makes it very surprising. and the probability of it happening at least once in the season is which is very unlikely regardless of the number of games in the season. which is likely to…