foreclosures handled by your firm in each of the months shown.
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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This question is based on the following table, which shows the number of foreclosures in three states during three months.
June July August
California 54,900 56,200 59,400
Florida 23,800 22,900 23,600
Texas 9,300 10,600 10,200
Each month, your law firm handled 10% of all foreclosures in California, 5% of all foreclosures in Florida, and 20% of all foreclosures in Texas. Use matrix multiplication to compute the total number of foreclosures handled by your firm in each of the months shown.
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