As a result of the subprime mortgage crisis of 2008, approximately 15.07% of new mortgage originations went into foreclosure by 2009. Suppose in the Kalamazoo area there were 1,550 homes in which the mortgage originated during this period. What is the probability that between 14.29% and 15.65% of the homes would be foreclosed on?

Question 2 options:

1)

66.1852

2)

5.4381

3)

0.9337

4)

0.4570

5)

0.5430