Mathematics, 26.03.2020 19:27 cheating53

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 2017 an average of three residential properties were auctioned off each weekday in the city of Boston. What is the probability that exactly four foreclosure auctions occurred on a randomly selected weekday of 2017 in Boston?

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The foreclosure crisis has been particularly devastating in housing markets in much of the south and...