Compute Probabilities of a Sample Proportion
-The National Association of Realtors

Multiple Choice

Compute Probabilities of a Sample Proportion
-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?

A) $0.7764$
B) $0.4821$
C) $0.2236$
D) $0.5189$