The Foreclosure Crisis Has Been Particularly Devastating in Housing Markets

question 158

Multiple Choice

The foreclosure crisis has been particularly devastating in housing markets in much of the south and west United States, but even when analysis is restricted to relatively strong housing markets the numbers are staggering. For example, in 2017 an average of three residential properties were auctioned off each weekday in the city of Boston, up from an average of one per week in 2011. What is the probability that exactly 10 foreclosure auctions occurred during a randomly selected five-day week in 2017 in Boston?

• A) 0.0008
• B) 0.0486
• C) 0.1185
• D) 0.9514

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Definitions:

Visual Cliff

An experimental apparatus used to study perception of depth and fear of falling in infants, illustrating their ability to perceive depth.

Size Constancy

The perceptual process by which we perceive an object as being the same size despite changes in the distance from which it is viewed.

Monocular Cues

Visual information that allows perception of depth and spatial relationships using only one eye.

Interposition

A visual cue in which one object partly covering another is perceived as being closer.