The loan manager for High Desert Bank selected a sample of the loans her bank has made in the past year. The file High Desert Banking contains information on the loan amount, the type of loan, and the region of the state where the loan was made.
a. What is the probability of randomly selecting a loan from this file that has a loan amount of at least $73,500 and was made in Region 2?
b. Find the probability that a commercial loan is less than $90,000.
c. If two loans are selected, what is the probability that both are commercial loans?