document.write( "Question 1185549: A real estate agent has 17 properties that she shows. She feels that there is a 30% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling more than 5 properties in one week. Round your answer to four decimal places. \n" ); document.write( "

Algebra.Com's Answer #816418 by ikleyn(52778) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "A real estate agent has 17 properties that she shows. She feels that there is a 30% chance of selling any one property during a week.
\n" ); document.write( "The chance of selling any one property is independent of selling another property.
\n" ); document.write( "Compute the probability of selling more than 5 properties in one week. Round your answer to four decimal places.
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document.write( "It is a binomial distribution probability problem.\r\n" );
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document.write( "    - number of trials         n =  17;\r\n" );
document.write( "    - number of success trials k >   5;\r\n" );
document.write( "    - Probability of success on a single trial p = 0.3.\r\n" );
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document.write( "We need calculate  P(n=17; k > 5; p=0.3).      \r\n" );
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document.write( "To facilitate calculations, I use an appropriate online (free of charge) calculator at this web-site \r\n" );
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document.write( "https://stattrek.com/online-calculator/binomial.aspx\r\n" );
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document.write( "It provides nice instructions  and  a convenient input and output for all relevant options/cases.\r\n" );
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document.write( "    P(n=17; k > 5; p=0.3) = 0.40318113591,   or   0.4032  (rounded).       ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "If you want to see many similar (or different) solved problems, look into the lessons\r
\n" ); document.write( "\n" ); document.write( "    - Simple and simplest probability problems on Binomial distribution \r
\n" ); document.write( "\n" ); document.write( "    - Typical binomial distribution probability problems \r
\n" ); document.write( "\n" ); document.write( "    - How to calculate Binomial probabilities with Technology (using MS Excel) \r
\n" ); document.write( "\n" ); document.write( "    - Solving problems on Binomial distribution with Technology (using MS Excel) \r
\n" ); document.write( "\n" ); document.write( "    - Solving problems on Binomial distribution with Technology (using online solver) \r
\n" ); document.write( "\n" ); document.write( "in this site.\r
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\n" ); document.write( "\n" ); document.write( "After reading these lessons, you will be able to solve such problems on your own, \r
\n" ); document.write( "\n" ); document.write( "which is your PRIMARY MAJOR GOAL visiting this forum (I believe).\r
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