QUESTION 17 Based on the information below, please answer the following question. T 33. Foreclosures 2016. The government and many compa- nies are interested in the number of people who lose their home because they are unable to pay. The process of losing a home has three stages, which begin with a "foreclosure filing." At some later point, the person may begin to pay again or the process will complete, becoming a "completed foreclosure." At that point, the person will be given a date by which they must move out of the house. When people move out and the house becomes the property of the bank, it is called a "home repossession." Below is a table showing the number of homes in each stage for the past several years (www.statisticbrain.com/home-foreclosure-statistics/). Year 2012 2013 2014 2015 2016 Foreclosure 2,300,000 1,369,405 1,117,426 1,147,365 956,864 Filings Completed 2,100,000 921,064 575,378 575,378 427,997 Foreclosures Home 700,000 463,108 327,069 327,069 203,108 Repossessions How did the number of home repossessions change, as a percentage of the total stages, between 2012 and 2016? increased by about 17% decread by about 100% decreased by 22% stayed about the same QUESTION 18 Historically, the NY Knicks have a winning percentage of 42%, meaning that, for every season, the Knicks have a losing record 58% of the time and a winning record 42% of the time. There are 82 games in a season. Assume you believe that the Knicks historical winning percentage is a fair and accurate probability estimate of future outcomes regardless of personnel or schedule changes. What is the probability the Knicks have a losing record in each of the following three seasons? about 19.5% about 50% about 72% About 42%