The following table shows the frequency distribution of the credit scores for a random sample of homeowners who recently refinanced their mortgage at Delaware Bank.
Credit Score Frequency
700 to under 720 7
720 to under 740 14
740 to under 760 25
760 to under 780 16
780 to under 800 8
Calculating the probability that a randomly homeowner has a credit score of 760 to under 780 is using ________ probability.
A) classical
B) simple
C) empirical
D) subjective
Question 2
When the discrete random variable is expressed in terms of dollars, the mean of the distribution is known as the ___________________ _________.
A) expected value of sample information
B) expected value of the distribution
C) average value of the distribution
D) expected monetary value
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