From a universal set of applicants for a mortgage from a bank, consider the foll

Question

From a universal set of applicants for a mortgage from a bank, consider the following rate: A = applicants who have had steady income for the past three years B = applicants who making a down payment of at least 20% of the purchase price C = applicants who were preapproved for a mortgage loan Suppose a loan application will be funded only if the applicant either had steady income for the past three years and is making a down payment of at least 20% of the purchase price or was preapproved for a mortgage loan. Which of the following set operations will create the set of applicants whose mortgage application will be funded? (A B) C (A B) C (A B) C (A B) C

Explanation / Answer

In this case, we have 2 statements

Due to 1)-> both A and B to be valid at the same time -> which means A intersection B

Due to 2)-> C to be valid

Now it is saying 1 or 2 -> which means 1) union 2)

So, (A int B) union C

so, answer is (d)

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