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.
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<pre>
It is a binomial distribution probability problem.

    - number of trials         n =  17;
    - number of success trials k >   5;
    - Probability of success on a single trial p = 0.3.



We need calculate  P(n=17; k > 5; p=0.3).      


To facilitate calculations, I use an appropriate online (free of charge) calculator at this web-site 

https://stattrek.com/online-calculator/binomial.aspx


It provides nice instructions  and  a convenient input and output for all relevant options/cases.


    P(n=17; k > 5; p=0.3) = 0.40318113591,   or   0.4032  (rounded).       <U>ANSWER</U>
</pre>

Solved.


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If you want to see many similar &nbsp;(or different) &nbsp;solved problems, &nbsp;look into the lessons

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Probability-and-statistics/Solving-problems-on-Binomial-distribution-manually.lesson>Simple and simplest probability problems on Binomial distribution</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Probability-and-statistics/Typical-binomial-distribution-probability-problems.lesson>Typical binomial distribution probability problems</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Probability-and-statistics/How-to-calculate-binomial-probabilities-using-Technology.lesson>How to calculate Binomial probabilities with Technology (using MS Excel)</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Probability-and-statistics/Solving-problems-on-Binomial-distribution-using-Technology.lesson>Solving problems on Binomial distribution with Technology (using MS Excel)</A> 

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/Probability-and-statistics/Solving-problems-on-Binom-distr-with-Technology-%28using-online-solver%29.lesson>Solving problems on Binomial distribution with Technology (using online solver)</A> 

in this site.


After reading these lessons, &nbsp;you will be able to solve such problems on your own, 

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