Suppose 35% of Homes in a Miami, Florida, Neighborhood Are

Multiple Choice

Suppose 35% of homes in a Miami, Florida, neighborhood are under water (in other words, the amount due on the mortgage is larger than the value of the home) . There are 160 homes in the neighborhood and 30 of those homes are owned by your friends. What is the probability that fewer than 30% of your friends' homes are under water?

A) 0.2627
B) 0.2843
C) 0.6400
D) 0.7389