SOLUTION: 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
Algebra.Com
Question 1053920: 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 least 175 homes are going to be used as investment property?
How can I solve this with a calculator?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
P(x <= 175)
Est = .23
Sample: p = 175/800 = .219
Find z
P(x <= 175) = normalcdf(-100, z-value) -100 a placeholder
RELATED QUESTIONS
Can someone help us with this problem? We are working on it in a group and all go a... (answered by stanbon)
The National Association for Women in Science asked recent high school grads if they had... (answered by stanbon)
According to the National Association of Home Builders, the median selling price of new... (answered by stanbon)
In 2004, 57.2% of all enrolled college students were female. Choose one enrolled student... (answered by stanbon)
In a recent study 90 percent of the homes in the United States were found to have color... (answered by stanbon)
In a recent study 90 percent of the homes in the United States were found to have color... (answered by stanbon)
In 2000, National data suggested that 26% of all U.S. businesses were owned by women. In... (answered by richwmiller)
the results of a statewide exam for assessing the mathematics skills of realtors were... (answered by Boreal)
The scores on a standardized test had mean μ = 2.818 and standard deviation σ=... (answered by stanbon)