In early 2007 the Mortgage Lenders Association reported that
homeowners were defaulting on their adjustable-rate mortgages in
record numbers. The foreclosure rate for that particular year was
1.45%. To see if there has been any change in the foreclosure rate,
the association plans to sample 237 homeowners to see if they are
in danger of defaulting on their loan. Describe the sampling
distribution of the sample proportion of homeowners with
adjustable-rate mortgages who are in danger of defaulting on their...