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 64 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

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

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?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Wombat burrow and scat, Narawntapu National Park, Tasmania Wombat burrow and scat, Narawntapu National Park, Tasmania
Time Estimates for Specific Office Procedures Cont. Time Estimates for Specific Office Procedures Cont.
On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ... On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ...
The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ... The underhood decal showing that this Lexus RX-330 meets both national (Tier 2; BIN 5) and ...
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library