The mortgage foreclosure crisis that preceded the great recession impacted the u. s. economy in many ways, but it also impacted the foreclosure process itself as community activists better learned how to delay foreclosure and lenders became more wary of filing faulty documentation. suppose the duration of the eight most recent foreclosures filed in the city of boston (from the beginning of foreclosure proceedings to the filing of the foreclosure deed, transferring the property) has been 230 days, 420 days, 340 days, 367 days, 295 days, 314 days, 385 days, and 311 days. assume the duration is normally distributed. construct a 90% confidence interval for the mean duration of the foreclosure process in boston.
to start, let's get rid of the 3/4 by multiplying everything by 4/3 and getting 4/3. now, we have 4z/3 = mn, and we can just divide both sides by m to get (4z)/(3m).
using the logarithm base (8) on the right side to equal the exponent.
the answer would be d. log8 (1/8) = -1
answer: it dropped 55%
step-by-step explanation: well if you multiply 140x.55 it equals to 77