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Compute Probabilities of a Sample Proportion

Question 4

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 and it was noted that 248 homes were to be used as investment property, would this be unusual Answer Yes or No.


A) Yes
B) No

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