Exhibit 5-14

question 5

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 no more than two foreclosure auctions occurred on a randomly selected weekday of 2011 in Boston?

• A)0.1991
• B)0.2240
• C)0.4232
• D)0.5768

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Definitions:

Mature Eggs

Oocytes that have completed meiosis and are ready to be fertilized during the reproductive process in female organisms.

Ovaries

Female reproductive organs in which ova or eggs are produced, along with the production of hormones like estrogen and progesterone.

Puberty

The stage in life when adolescents attain sexual maturity and have the ability to reproduce.

Out-of-control

A state or condition where something or someone is no longer manageable or within manageable limits.