The Mortgage Foreclosure Crisis That Preceded the Great Recession Impacted

question 39

Multiple Choice

The mortgage foreclosure crisis that preceded the Great Recession impacted the U.S.economy in many ways,but it also impacted the foreclosure process itself as community activists better learned how to delay foreclosure and lenders became more wary of filing faulty documentation.Suppose the duration of the eight most recent foreclosures filed in the city of Boston (from the beginning of foreclosure proceedings to the filing of the foreclosure deed,transferring the property) has been 230 days,420 days,340 days,367 days,295 days,314 days,385 days,and 311 days.Assume the duration is normally distributed.Construct a 90% confidence interval for the mean duration of the foreclosure process in Boston.

• A) [259.7400,405.7600]
• B) [293.2137,372.2863]
• C) [298.4296,367.0704]
• D) [303.2282,362.2718]

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Definitions:

Contra

Against or in opposition to a particular argument or claim.

Add

In the context of mathematics or logic, to perform the operation of addition, which is the process of combining two or more quantities.

UI

Stands for User Interface, which is the means by which user interacts with a machine, software or device.

Simp

A term colloquially used to describe someone who demonstrates excessive sympathy or attention towards another person, often with little regard for reciprocation.