5. A realtor is studying the probability that 5 houses will sell the first week they are listed for sale out of 20 houses that are first listed for sale this week. The current probability of a house selling the week is is listed is 43%. Use this question to answer each part below. a. Define success for THIS problem. b. Find n, x, p, q X= P= q= c. What is the standard deviation for this problem? Answer with 2-places past the decimal.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Question
6.
6. A realtor is studying the probability that 5 houses will sell the first week they are listed for sale out of 20
houses that are first listed for sale this week. The current probability of a house selling the week is is
listed is 43%. Use this question to answer each part below.
a.
Define success for THIS problem.
b.
Find n, x, p, q
d.
n=
X=
p=
q=
c. What is the standard deviation for this problem? Answer with 2-places past the decimal.
Write the FILLED-IN formula used to solve this probability problem. (Don't just copy the
formula off the formula page, fill it in with numbers). The SOLUTION goes in the NEXT box.
e. Find the probablity asked for with 3-decimal values or as a percent with 1-decimal.
Transcribed Image Text:6. A realtor is studying the probability that 5 houses will sell the first week they are listed for sale out of 20 houses that are first listed for sale this week. The current probability of a house selling the week is is listed is 43%. Use this question to answer each part below. a. Define success for THIS problem. b. Find n, x, p, q d. n= X= p= q= c. What is the standard deviation for this problem? Answer with 2-places past the decimal. Write the FILLED-IN formula used to solve this probability problem. (Don't just copy the formula off the formula page, fill it in with numbers). The SOLUTION goes in the NEXT box. e. Find the probablity asked for with 3-decimal values or as a percent with 1-decimal.
Expert Solution
steps

Step by step

Solved in 4 steps with 1 images

Blurred answer
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill