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In a sample of 50 mice, a biologist found that 38% were able to run a maze in 30 seconds or less. Find the 95% limit for the population proportion of mice who can run that maze in 30 seconds or less.
Foreclosure
The legal process by which a lender seizes and sells a property after the borrower fails to meet repayment obligations.
Deficiency
In real estate, the difference between the amount owed on a mortgage and the selling price of the property, if the property is sold in a foreclosure sale for less than the balance owed.
Conditional Sale Agreement
A legal contract where the sale of goods or property is contingent upon specific conditions being met, often relating to payment terms.
Bona Fide Purchaser
An individual who purchases something in good faith without notice of any prior claims, liens, or encumbrances.
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