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NEW QUESTION: 1
A mortgage holding company has found that 1% of its mortgage holders default on their mortgage and lose the property. Furthermore, 90% of those who default are late on at least two monthly payments over the life of their mortgage as compared to 45% of those who do not default. What is the probability that a mortgagee with two or more late monthly payments will default on the mortgage and lose the property?
A. 0.019
B. 0.020
C. 0.009
D. None of these answers
E. 0.018
Answer: B
Explanation:
Explanation/Reference:
Explanation:
We have P(def) = 0.01. P(not def) = 0.99. P(two late payments/def) = 0.90. P(two late payments/not def)
0.45. Using Bayes formula: p(def/two late payments) = (0.01*0.9)/(0.01*0.9 + 0.99*0.45) = 0.0198 = 0.020.
NEW QUESTION: 2
You work as an Office Assistant for Tech Perfect Inc. You are working in the spreadsheet of the company's high selling products. You are trying to intersect two ranges that do not intersect each other.
Which of the following errors will be occurred in this situation?
A. #DIV/0!
B. #NULL!
C. #VALUE!
D. #NAME?
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The #NULL! error is produced by Excel when a user attempts to intersect two ranges that do not intersect each other. This error can be resolved by reviewing the formula and then either by changing the variables to ensure that the user is getting a valid intersection or by using the Excel If error function to identify a null range and take the required action.
Incorrect Answers:
A: The #VALUE! Excel formula error occurs when any of the variables in a formula is of the wrong type. To correct this error, it is required to check each individual part of the formula to make sure that the correct argument types are used. If the function contains nested functions, the best way is to copy each of the arguments into a separate cell to check what they evaluate to. If the formula contains a number of terms, break down each term further to find out its components, until the source of the error is found.
B: The #NAME? error occurs when Excel encounters text in a formula and tries to interpret that text as a reference, a named range, or a function name but is not able to recognize the text as any of these. The best way to approach the #NAME? Excel function error is to check the correct spelling of the function names, references, and named ranges and to check that the variables used as text values are entered in double quotes. If the formula contains nested functions, it is required to check the results of these individually, until the source of the error is identified.
D: Excel #DIV/0! is produced when a formula attempts to divide by zero and a division by zero produces infinity that cannot be represented by a spreadsheet value. This error can be corrected or overcome by using the Excel IF function to identify a possible division by zero and produce an alternative result.
References: https://support.office.com/en-us/article/correct-a-null-error-11a15515-5df3-4a82-899e- e4c0070ea9c4
NEW QUESTION: 3
A technician troubleshootng a computer finds a faulty video card and needs to replace it. Which of the following
safety procedures should be used to prevent damaging the new part?
A. Self ground and handle the new card by the edges.
B. Attach an ESD strap to the new card during handling.
C. Place the computer on an ESD mat.
D. Ground the computer and remove jewelry.
Answer: A