Answer
$.3$
Work Step by Step
$E=${In Foreclosure, Repossessed}
$fr(E)=72,380+17,000=89,380$
$N=293,040$
$P(E)=\frac{fr(E)}{N}=\frac{89,380}{293,040}\approx 0.3$
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: 48a
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