Answer
$.33$
Work Step by Step
$E=${Past Due, In Foreclosure, Repossessed}
$fr(E)=53,310+8,750+5,090=67,150$
$N=203,480$
$P(E)=\frac{fr(E)}{N}=\frac{67,150}{203,480}\approx 0.33$
Finite Math and Applied Calculus (6th Edition)
by Waner, Stefan; Costenoble, Steven
Published by
Brooks Cole
ISBN 10:
1133607705
ISBN 13:
978-1-13360-770-0
Chapter 7 - Section 7.3 - Probability and Probability Models - Exercises - Page 483: 47b
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