K A realty company reported that foreclosures had settled down to 1 in 781 homes per month for a rate of 0.128%, far below the 1.6% seen during a recent financial crisis. Suppose a large bank holds 9544 of these mortgages. Complete parts a through c. a) Can the Normal model be used to describe the sampling distribution for the sample proportion of foreclosures? Check the conditions and discuss any assumptions you need to make. Choose the correct answer below. OA. No. The randomization and 10% conditions are met, but the success/failure condition is not. OB. Yes. The randomization, 10%, and success/failure conditions are all met with no assumptions. OC. No. The randomization and success/failure conditions are met, but the 10% condition is not. OD. Yes. The success/failure condition is met. Assume that these mortgages are typical of the population to satisfy the randomization condition, and the 10% condition is met.

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