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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?
Talented People
Individuals possessing exceptional skills, abilities, or knowledge in specific areas that contribute significantly to organizational or project success.
Leadership
The art of motivating a group of people towards achieving a common goal.
Coercive Power
A form of power that is based on the ability to deliver punishments or impose penalties.
Performance
The degree to which an individual, group, or organization achieves its goals and objectives effectively and efficiently.
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