Each of a sample of four home mortgages is classified asfixed rate (F) or variable rate
Chapter 2, Problem 4(choose chapter or problem)
Each of a sample of four home mortgages is classified asfixed rate (F) or variable rate (V).a. What are the 16 outcomes in S ?b. Which outcomes are in the event that exactly three ofthe selected mortgages are fixed rate?c. Which outcomes are in the event that all four mortgagesare of the same type?d. Which outcomes are in the event that at most one ofthe four is a variable-rate mortgage?e. What is the union of the events in parts (c) and (d),and what is the intersection of these two events?f. What are the union and intersection of the two eventsin parts (b) and (c)?
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