Multiple Choice
Recently, the average amount of time to foreclose on a house in the U.S. was reported to be 359 days. Assume that the standard deviation for this population is 90.4 days. A random sample of 42 homes that have completed the foreclosure process was selected. What is the probability that the sample average was less than 375 days?
A) 0.5129
B) 0.8749
C) 0.6350
D) 0.7264
Correct Answer:
Verified
Correct Answer:
Verified
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