Suppose that 300 mortgage applications were approved and that the numbers of mortgages of each type

Suppose that 300 mortgage applications were approved and that the numbers of mortgages of each type were as shown in the following table. The manager selects one mortgage application at random, and relevant events are defined as follows: L: The application selected is for a one year mortgage M: The application selected is for a two year mortgage N: The application selected is for a three year mortgage C: The application selected is for a closed mortgage

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