Read the following scenario and answer the questions below.E…

Read the following scenario and answer the questions below.Early People and Agricultural BeginningsLong ago, two sisters were talking as they returned from their morning trip to collect mushrooms, seeds, berries, and green leaves for the day’s meals. The younger woman was watching the progress of a small rabbit as it hopped across the path and toward the clan’s trash midden (refuse heap), where broken tools (made of bone, stone, or shell) were tossed and discarded food was thrown. She noticed the rabbit stop and begin nibbling on the many new, green shoots sprouting across one side of the midden. She walked over to take a closer look and saw that some of last year’s discarded dried fruits were growing. Surprised and interested, she called her sister over to discuss this find.Twenty years have passed since the young woman first noticed seeds sprouting in the midden. Which of the following could now be TRUE?

Consider a bank with two independent loans, X and Y. Loan X…

Consider a bank with two independent loans, X and Y. Loan X is for $100,000 and has a probability of default of 4%. If default occurs, Loan X will lose 80% of the amount due. Loan Y is for $250,000 and has a probability of default of 7%. If default occurs, Loan Y will lose 70% of the amount due. Which of the following is the expected loss?