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Over the last five years a bank has issued 250 loans on cars. Of those, 85 were for cars worth less than $10,000 and 42 of those borrowers defaulted; 112 were for cars worth between $10,000 and $30,000, and 37 of those borrowers defaulted; of the remaining 53 loans for cars worth over $30,000 there were 25 defaults. Construct a tab two-way le for this situation and hence, or otherwise, find the probability that
(a) a borrower defaulted on a car loan of unknown value
(b) a borrower for a car worth less than $10,000 did not default
(c) a defaulted car loan was for a car worth over $30,000.
(d) What is the probability that the next two borrowers both default (on car loans of unknown value).
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David, a single taxpayer, took out a mortgage on his home for $300,000 nine years ago
Answer the following questions. Use Equation Editor to write mathematical expressions and equations. First, save this file to your hard drive by selecting Save As from the File menu. Click the white space below each question to maintain proper for..
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Kettle goods company has a unit selling price of 500 $, variable cost per unit $ 300 and fixed costs of $170,000. Compute the break even point in units and in sales dollars.
Which of the following is the least praticial reason for allocating service department costs to user departments?
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