Question

to another question will save this response. 1 polts stion 12 ured by the Federal Deposit Insurance Corporation (FDIC) cross-classified by asset size and institution type, as of June 30, 2012. (Data from: www2.fdic.gov/sod.) Saving Institutions Commercial Banks Total set size ess than $25 million 25 million-$49.99 million 732 50 million-$99.99 million 1419 100 million-$299.99 367 48 319 831 1595 2619 746 176 2276 343 133 122 $300 million-$499.99 $500 million-$999.99 $1 billion or greater 613 434 429 556 531 102 1023 otal 6222 7245 Given that an instution has $1 billin or greater than its assets, what is the probability that it is a savings institution? 0 a. 0.096 O b. 0.192 tat sing instiution? 0.345

Answer 1

We see that Probability that the institution is a savings institution=102/531=0.192090395