Find probability that homes are going to investment

Assignment Help Basic Statistics
Reference no: EM13113356

National association of realtors estimates that 23% of all houses purchased in 2004 were considered investment. If a sample of 800 homes sold in 2004 is obtained what is the probability that between 175 & 200 homes are going to be investment?

Reference no: EM13113356

Questions Cloud

Prepare in journal form : Prepare in journal form, without explanations, the end of month adjusting entries for Flop's Copy Shop for the month of September. Prepare a partial adjusted trial balance for the accounts provided.
Prepare journal entries to record the following transactions : Prepare journal entries to record the following transactions entered, answer the questions in accounting basics.
What proportion of cars fall between gallon range : What proportion of 330 cci cars fall between 26 to 30 miles per gallon range? Compute the percentage of each of the car models that get 30 or more mpg.
Evaluate project using the npv decision rule : The maximum allowable payback and discounted payback statistic for the project are 2 and 2.5 years, respectively. Use the NPV decision rule to evaluate this project; should it be accepted or rejected?
Find probability that homes are going to investment : If a sample of 800 homes sold in 2004 is obtained what is the probability that between 175 & 200 homes are going to be investment?
How many grams of solid precipitate will be formed : If a solution containing 17.76 g of mercury(II) perchlorate is allowed to react completely with a solution containing 5.102 g of sodium sulfate, how many grams of solid precipitate will be formed.
What is the critical value of t using confidence level : A sample of 25 provided a sample mean of 14 and a sample standard deviation of 4.32. What is the value of "t" for this sample? For a 95% confidence level, what is the critical value of "t"?
What mass of titanium displaces 125.0ml of water : The density of titanium metal is 4.51g/cm3 at 25 degrees celsius. What mass of titanium displaces 125.0mL of water at 25 degrees celsius.
Probability that selected truck travels in given range : What is the probability that a randomly-selected truck travels between 30 and 60 thousand kilometres in one year. Standard deviation of 12.0 thousand kilometres.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Probability-caffeine consumption-hypertension

A study is conducted to assess the impact of caffeine consumption, smoking, alcohol consumption, and physical activity on risk of cardiovascular disease.

  What is the probability that the number is a multiple

Fifty raffle tickets are numbered 1 throughout 50, and one of them is drawn at random. What is the probability that the number is a multiple of 5 or 8? Consider the following "solution": Since 10 tickets bear numbers that are multiples of 5 and 6 ..

  Value of perfect information

The difference between expected payoff under certainity and expected value of the best act without certainity is the expected:

  Finding regression model using anova table

Using ANOVA summary table, find out if regression model is significant.

  Probability on taking subjects from a class

Out of forty students, 14 are taking English Composition and 29 are taking Chemistry. If five students are in both classes, how many students are in neither class? How many are ineither class?

  Pairs trading hypotheses test

Say you think your positive pairs trade returns are due to pairs trades you made on small stocks (measured by market capitalization). Describe how would you test this hypothesis?

  Determining values of probability on discrete distribution

Determining the probability that the two choose the same number?

  Conditional probability formula and contingency tables

In large accounting firm, the proportion of accountants with MBA degrees and at least five years of professional experience is 0.75 times the proportion of accountants with no MBA degree and less than 5 years of professional experience.

  Determining binomial and empirical probability

A baseball player hits 59 home runs during a season with 161 games. What is the empirical probability that the player would hit at least one home run during any given game of the season?

  Standard error of the difference between the means

What is the standard error of the difference between the means?

  Absent for sickness based on sample-confidence interval

Create a 95% confidence interval for the population mean days absent for sickness based on this sample. Select the answer closest to your results.

  Probability of random sample-sample mean sat score

What is the probability a random sample of 75 students will provide a sample mean Sat score within 20 of the population mean?

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