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A risk analyst working at a home loan company is in the process of updating a table that profiles the risks associated with borrowers. This table is crucial for creating and assessing home loans. The analyst is particularly interested in understanding the impact of government-backed mortgage companies in the United States—specifically Fannie Mae, Freddie Mac, and Ginnie Mae—on a borrower's likelihood of defaulting on their home loan. The following data has been collected:
Given these statistics, determine the probability that a millennial borrower has a home loan that is secured by a government agency.