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 170 homes are going to be used as investment property? Round to thousandths place. (b) at most 175 homes are going to be used as investment property? Round to thousandths place.

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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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 17O homes are going to be used as investment property?
Round to thousandths place.
(b) at most 175 homes are going to be used as investment property?
Round to thousandths place.
Transcribed Image Text: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 17O homes are going to be used as investment property? Round to thousandths place. (b) at most 175 homes are going to be used as investment property? Round to thousandths place.
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