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 91 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
Great answer, keep it coming :)

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

National Sleep Foundation Survey Results National Sleep Foundation Survey Results
National Institute on Aging Web site is designed to be easy to use by older adults. It utilizes ... National Institute on Aging Web site is designed to be easy to use by older adults. It utilizes ...
Results of a genome-wide association study (GWAS) to detect SNPs Results of a genome-wide association study (GWAS) to detect SNPs
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library