The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that... (a) at least 175 homes are going to be used as investment property? Round to the thousandths place. (b) between 170 and 175 homes are going to be used as investment property? Round to the thousandths place.
The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that... (a) at least 175 homes are going to be used as investment property? Round to the thousandths place. (b) between 170 and 175 homes are going to be used as investment property? Round to the thousandths place.
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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The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that...
(a) at least 175 homes are going to be used as investment property? Round to the thousandths place.
(b) between 170 and 175 homes are going to be used as investment property? Round to the thousandths place.
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