0 Bank XYZ has the following data on 1000 of its customers: arks) Customer Inves

Question

0 Bank XYZ has the following data on 1000 of its customers: arks) Customer Investment Portfolios Portfolio A Portfolio B 300 120 Delinquency Status Non-delinquent 480 100 Delinquent a. What is the probability of finding a customer who is investing in b. If a customer is investing in Portfolio A, what is the probability that c. If a customer is investing in Portfolio B, what is the probability that d. If a customer is delinquent, what is the probability that he or she is e. If a customer is non-delinquent, what is the probability that he or Portfolio A and is non-delinquent? he or she is not delinquent? he or she is delinquent? investing in Portfolio A? she is investing in Portfolio B2

Explanation / Answer

Portfolio A Total = 580

Portfolio B Total = 420

Nondelinquent Total = 780

Delinquent Total = 220

Grand Total = 1000

(a) Probability = 480/1000 = 0.48

(b) Probability = 480/580 = 0.8276

(c) Probability = 120/420 = 0.2857

(d) Probability = 100/220 = 0.4545

(e) Probability = 300/780 = 0.3846

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