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 least 175homes are going to be used as investment property?
A) 0.7764
B) 0.4821
C) 0.2236
D) 0.5189
Correct Answer:
Verified
Correct Answer:
Verified
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