Exhibit 5-14

question 98

Multiple Choice

Exhibit 5-14.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 2011 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 2005. Refer to Exhibit 5-14.What is the probability that exactly four foreclosure auctions occurred on a randomly selected weekday of 2011 in Boston?

• A)0.1680
• B)0.1954
• C)0.2240
• D)0.8153

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Definitions:

Political Attitudes

The views and opinions people hold about politics, policy, and the roles of governments and institutions in society.

Transfer

The act of moving or reassigning someone or something from one position, place, or jurisdiction to another.

Social Welfare

Organized efforts and policies aimed at providing assistance and support to individuals and families in need.

Civil Liberties

Fundamental rights and freedoms protected by law from governmental interference, including freedom of speech and religion.