According to the research, 46% of homes sold in a certain month and year were purchased by first-lime buyers. A random sample of 175 people who just purchased homos is selected. Complete parts a through e bolow. a. Calculate the standard error of the proportion. o,- (Round to four decimal places as needed.) b. What is the probability that less than 83 of them are first-time buyers? P(Less than 83 of them are first-time buyers) =D (Round to four decimal places as neoded.) c. What is the probability that more than 87 of them are first-time buyers? P(More than 87 of them are first-time buyers) =O (Round to four decimal places as needed.) d. What is the probability that more than 78 of them are first-time buyers? P(More than 78 of them are first-time buyers) (Round to four decimal places as needed.) e. What is the probability that betbween 71 and 77 of them are first-timo buyers? P(Between 71 and 77 of them are first-time buyers) = (Round to four decimal places as needed.)
According to the research, 46% of homes sold in a certain month and year were purchased by first-lime buyers. A random sample of 175 people who just purchased homos is selected. Complete parts a through e bolow. a. Calculate the standard error of the proportion. o,- (Round to four decimal places as needed.) b. What is the probability that less than 83 of them are first-time buyers? P(Less than 83 of them are first-time buyers) =D (Round to four decimal places as neoded.) c. What is the probability that more than 87 of them are first-time buyers? P(More than 87 of them are first-time buyers) =O (Round to four decimal places as needed.) d. What is the probability that more than 78 of them are first-time buyers? P(More than 78 of them are first-time buyers) (Round to four decimal places as needed.) e. What is the probability that betbween 71 and 77 of them are first-timo buyers? P(Between 71 and 77 of them are first-time buyers) = (Round to four decimal places as needed.)
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
Related questions
Question
![According to the research, 46% of homes sold in a certain month and year were purchased by first-lime buyers. A random sample of 175 people who just purchased homos is selected.
Complete parts a through e bolow.
a. Calculate the standard error of the proportion.
o,- (Round to four decimal places as needed.)
b. What is the probability that less than 83 of them are first-time buyers?
P(Less than 83 of them are first-time buyers) =D
(Round to four decimal places as neoded.)
c. What is the probability that more than 87 of them are first-time buyers?
P(More than 87 of them are first-time buyers) =O
(Round to four decimal places as needed.)
d. What is the probability that more than 78 of them are first-time buyers?
P(More than 78 of them are first-time buyers)
(Round to four decimal places as needed.)
e. What is the probability that betbween 71 and 77 of them are first-timo buyers?
P(Between 71 and 77 of them are first-time buyers) =
(Round to four decimal places as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cbf678e-700a-4b17-b435-afa31be04a28%2F3018f20c-0614-43c1-bf59-1cbbff5521ef%2F2hv7gtw_processed.png&w=3840&q=75)
Transcribed Image Text:According to the research, 46% of homes sold in a certain month and year were purchased by first-lime buyers. A random sample of 175 people who just purchased homos is selected.
Complete parts a through e bolow.
a. Calculate the standard error of the proportion.
o,- (Round to four decimal places as needed.)
b. What is the probability that less than 83 of them are first-time buyers?
P(Less than 83 of them are first-time buyers) =D
(Round to four decimal places as neoded.)
c. What is the probability that more than 87 of them are first-time buyers?
P(More than 87 of them are first-time buyers) =O
(Round to four decimal places as needed.)
d. What is the probability that more than 78 of them are first-time buyers?
P(More than 78 of them are first-time buyers)
(Round to four decimal places as needed.)
e. What is the probability that betbween 71 and 77 of them are first-timo buyers?
P(Between 71 and 77 of them are first-time buyers) =
(Round to four decimal places as needed.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 6 steps with 5 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781337282291/9781337282291_smallCoverImage.gif)
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![Glencoe Algebra 1, Student Edition, 9780079039897…](https://www.bartleby.com/isbn_cover_images/9780079039897/9780079039897_smallCoverImage.jpg)
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
![College Algebra](https://www.bartleby.com/isbn_cover_images/9781337282291/9781337282291_smallCoverImage.gif)
![Holt Mcdougal Larson Pre-algebra: Student Edition…](https://www.bartleby.com/isbn_cover_images/9780547587776/9780547587776_smallCoverImage.jpg)
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
![College Algebra (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305652231/9781305652231_smallCoverImage.gif)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning