Mahoney Custom Home Builders, Inc. of Canyon Lake, Texas asked visitors to their website what is most important when choosing a home builder. Possible responses were quality, price, customer referral, years in business, and special features. Results showed that 23.5% of the respondents chose price as the most important factor (Mahoney Custom Homes website, November 13, 2012). Suppose a sample of 200 potential home buyers in the Canyon Lake area was selected. a. How many people would you expect to choose price as the most important factor when choosing a home builder?

Mahoney Custom Home Builders, Inc. of Canyon Lake, Texas asked visitors to their website what is most important when choosing a home builder. Possible responses were quality, price, customer referral, years in business, and special features. Results showed that 23.5% of the respondents chose price as the most important factor (Mahoney Custom Homes website, November 13, 2012). Suppose a sample of 200 potential home buyers in the Canyon Lake area was selected. a. How many people would you expect to choose price as the most important factor when choosing a home builder?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter11: Data Analysis And Probability

Section11.4: Collecting Data

Problem 6E

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