A group of realtors estimates that​ 23% of all homes purchased last year were considered investment properties. If a sample of 800 homes sold last year is​ obtained, what is the probability that between 175 and 200 homes are going to be used as investment​ property? Round to four decimal places.

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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A group of realtors estimates that​ 23% of all homes purchased last year were considered investment properties. If a sample of 800 homes sold last year is​ obtained, what is the probability that between 175 and 200 homes are going to be used as investment​ property? Round to four decimal places.
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