Find probability of selling at least four properties in week

Assignment Help Basic Statistics
Reference no: EM13128374

A real estate agent has 16 properties that she shows. she feels there is a 40% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling at least 4 properties in one week.

Reference no: EM13128374

Questions Cloud

Illustrate what are the consequences of not telling : Illustrate what are the consequences of not telling the president of our gross miscalculations, both ethical and non-ethical? Are there other ethical implications or issues that you and the president need to consider in this situation?
Graphing from derivative : Please sketch a graph of a function f have the indicated characteristics. Please explain.
Net cash flow from financing activities : repayments of long-term borrowings of $3.5 million, interest payments of $780,000, repurchase of treasury shares of $500,000 and cash dividends declared of $1.1 million. Net cash flow from financing activities equals.
What the molarity of the naoh solution is : 25.0 ml of 0.212 M NaOH ia neutralized by 13.6 ml of an HCl solution. The molarity of the NAOH solution is?
Find probability of selling at least four properties in week : The chance of selling any one property is independent of selling another property. Compute the probability of selling at least 4 properties in one week.
Which disclosures are required : some disclosure notes are not always applicable to every business. However some are required to be included with financial statements. Which disclosures are required?
Explain is there an alternative substantive procedure : Explain is there an alternative substantive procedure that you could perform that would provide convincing evidence that this balance is collectible?
Explain the structure of the carbon atom : Describe in 75 words the structure of the carbon atom. What types of bonds does carbon form and why?
Comparison between allocated overhead and actual : The result of the comparison between allocated overhead and actual would be...

Reviews

Write a Review

Basic Statistics Questions & Answers

  Probability relating to tickets drawn from a box

A box contains 9 tickets numbered 1 to 9 inclusive. If 3 tickets are drawn from a box one at a time, find the probability that they are alternative after (1) odd, even, odd or (2) even, odd, even.

  Determine the adequate result to conclude the case

Is this result adequate to conclude that monkeys spent significantly more time with softer mother than would be expected if there were no preference? Use the two-tailed test with α = .05.

  Calculate average hours of sleep per night for each sample

Calculate the average hours of sleep per night for each sample. According to the 95 part of the 68-95-99.7 rule, 95% of all values of fall within __________ on either side of the unknown mean . What is the missing number?

  Probability distribution for possible results of experiment

The probability distribution for the possible results of an experiment is given, Determine the mean of the distribution.

  Multiple regression model-real estate

A real estate builder wishes to determine how house size (house) is influenced by family income (income), family size (Size) and education of the head of household (School).

  Determining joint probability distribution

Let X1 and X2 denote the proportion of two different chemicals found in a sample mixture of chemicals and used as an insecticide. Suppose X1 and X2 have the joint probability density function given by:

  Standard deviation of the mean

The lifetimes of light bulbs of a particular type are normally distributed with a mean of 370 hours and a standard deviation of 5 hours. What percentage of bulbs has lifetimes that lie within 1 standard deviation of the mean on either side?

  Probability that two of the babies selected are boys

53% of all recorded births are boys if 6 babies born in this hospital are selected at random find the probability that two of the babies selected are boys.

  Population donate time and energy to community projects

About 40% of the general population donate time and energy to community projects. Suppose 15 people have been randomly selected from a community and each asked whether he or she donates time and energy to community projects.

  Monthly trend-annual trend

Suppose we have run a regression on 48 months of data and the regression equation is Y = 50000 + 1000*x (where x is the month number).

  Confidence interval for population-mean

A random sample of 180 full-grown lobsters had a mean weight of 16 ounces and a standard deviation of 3.0 ounces. Construct a 98 percent confidence interval for the population mean.

  Loan officer rates applicants for credit

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 175 and a standard deviation of 15. If an applicant is randomly selected, find the probability of a rating that is between 150 and 200.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd