Recently, the Average Amount of Time to Foreclose on a House

question 44

Multiple Choice

Recently, the average amount of time to foreclose on a house in the U.S. was reported to be 359 days. Assume that the standard deviation for this population is 90.4 days. A random sample of 42 homes that have completed the foreclosure process was selected. What is the probability that the sample average was less than 375 days?

• A)0.5129
• B)0.8749
• C)0.6350
• D)0.7264

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