It Is Reported That 23% of the Home Mortgages in Cowlitz

question 62

Multiple Choice

It is reported that 23% of the home mortgages in Cowlitz County are "underwater".For 50 randomly selected home mortgages, compute the variance of the random variable "number of underwater mortgages."

• A)9.12
• B)8.86
• C)16.23
• D)12.47
• E)11.58

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