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, up from an average of one per week in 2011. What is the probability that no more than two foreclosure auctions occurred on a randomly selected weekday of 2017 in Boston? Select one: a. 0.4232 b. 0.1991 c. 0.5768 d. 0.2240

please answer the question down below!

A bank recently discovered that approximately 1.6% of all commercial loans issued by the bank become delinquent. Norah, the bank's vice president of operations, is stunned by this discovery. In order to be prepared for the next board meeting, she investigates the matter by randomly selecting 554 commercial loans from the bank’s database and reviewing each loan. What is the probability that at least 12 of the loans in the sample are delinquent? Use Excel to find the probability. Round your answer to four decimal places.

Addiction Medicine. The report “Addiction Medicine: Closing the Gap between Science and Practice” from the National Center on Addiction and Substance Abuse at Columbia University reveals that addiction treatment is neglected by the medical system in the United States. It shows, in particular, that 16% of Americans have the disease of addiction and that 90% of them receive no form of treatment. Determine the probability that a randomly selected American has the disease of addiction and receives no form of treatment. Interpret your answer in terms of percentages.

Virtually any process can be improved by use of statistics, including the law. A much publicized case that involved a debate about probability was the Collins case, which began in 1964. An incident of purse snatching in the Los Angeles area led to the arrest of Michael and Janet Collins. At their trial, an "expert" presented the probabilities listed in table below on characteristics possessed by a couple seen running from the crime scene: Characteristics Probability Man with beard 1/10 Blond woman 1/4 1/10 Yellow car Woman with ponytail Man with moustache Interracial couple 1/10 1/3 1/1000 The chance that a couple had all these characteristics together is 1 in 12 million. Because the Collinses had these characteristics, the Collinses must be guilty. Do yo see any problem with this line of reasoning? Hint: The question of interest is not "what is the probability of finding a couple with these characteristics?" because one such couple has been found (the Collinses), the question is "what…

Multiple studies conducted in the United States, Canada, Germany, and the United Kingdom show that the probability of dying in the hospital is higher if you are admitted on the weekend. Why might this be? What factors might contribute to this probability?  What could hospitals do to reduce/eliminate this phenomenon?

An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result in a profit of ​$40,000. If the economy grows at a moderate​ pace, the investment will result in a profit of $20,000. However, if the economy goes into​ recession, the investment will result in a loss of ​$40,000. You contact an economist who believes there is a 20​% probability the economy will remain​ strong, a 70​% probability the economy will grow at a moderate​ pace, and a 10​% probability the economy will slip into recession. What is the expected profit from this​ investment?