Multiple Choice
The National Association of Realtors estimates that 23% of all homes purchased in 2004 were consideredinvestment properties. If a sample of 800 homes sold in 2004 is obtained what is the probability that at most200 homes are going to be used as investment property?
A) 0.9099
B) 0.4066
C) 0.0934
D) 0.5935
Correct Answer:
Verified
Correct Answer:
Verified
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