This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The National Association of Realtors estimates that 23 of all homes purchased in 2004 were ... (Read 61 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jul 25, 2018
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 at most 200 homes are going to be used as investment property?
  A) 0.5935 B) 0.9099 C) 0.0934 D) 0.4066

Question 2

Decide whether the experiment is a binomial experiment. If it is not, explain why. Survey 850 investors to see how many different stocks they own. The random variable represents the number of different stocks owned by each investor.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 25, 2018
Answer to Question 1

B

Answer to Question 2

Not a binomial experiment. There are more than two outcomes.


jake

  • Member
  • Posts: 538
Reply 2 on: Jul 25, 2018
YES! Correct, THANKS for helping me on my review

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
Noid lights are usually purchased as an assortment so that one is available for any type or size ... Noid lights are usually purchased as an assortment so that one is available for any type or size ...
Association of Different HLA Alleles and Increased Susceptibility to Autoimmune Diseases Association of Different HLA Alleles and Increased Susceptibility to Autoimmune Diseases
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library