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mr_godi [17]
2 years ago
13

The National Association of Realtors estimates that 23% of all homes purchased in 2004 were consideredinvestment properties. If

a sample of 800 homes sold in 2004 is obtained what is the probability that between175 and 200 homes are going to be used as investment property
Mathematics
1 answer:
hichkok12 [17]2 years ago
7 0

Answer:

0.9099

Step-by-step explanation:

1) =

=

200

800

= .25

2) Identify = . = .23

3) Find the z-value.

=

−

(1−)

=

.25−.23

.23(1−.23)

800

= 1.34

4) The probability is 0.9099.

You might be interested in
A statistics student wants to compare his final exam score to his friend's final exam score from last year; however, the two exa
yarga [219]

Answer:

z= \frac{85-70}{10}=1.5

z= \frac{45-35}{5}=2

So then the correct answer for this case is:

B) Our student, Z= 1.50; his friend, Z=2.00.

Step-by-step explanation:

Assuming this complete question:

A statistics student wants to compare his final exam score to his friend's final exam score from last year; however, the two exams were scored on different scales. Remembering what he learned about the advantages of Z scores, he asks his friend for the mean and standard deviation of her class on the exam, as well as her final exam score. Here is the information:

Our student: Final exam score = 85; Class: M = 70; SD = 10.

His friend: Final exam score = 45; Class: M = 35; SD = 5.

The Z score for the student and his friend are:

A) Our student, Z= -1.07; his friend, Z= -1.14.

B) Our student, Z= 1.50; his friend, Z=2.00.

C) Our student, Z= 1.07; his friend, Z= -1.14.

D) Our student, Z= 1.07; his friend, Z= 1.50

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution

Let X the random variable that represent the scores for our student, and for this case we know that:

E(X)= \mu =70, SD_X=\sigma=10  

The z score is given by:

z=\frac{x-\mu}{\sigma}

If we use this we got:

z= \frac{85-70}{10}=1.5

Let Y the random variable that represent the scores for his friend, and for this case we know that:

E(Y)= \mu =35, SD_Y=\sigma=5  

The z score is given by:

z=\frac{y-\mu}{\sigma}

If we use this we got:

z= \frac{45-35}{5}=2

So then the correct answer for this case is:

B) Our student, Z= 1.50; his friend, Z=2.00.

3 0
3 years ago
Question 10 pls help
Ivenika [448]

Answer:

D

Step-by-step explanation:

3 0
2 years ago
After 60 minutes a train has moved 60 miles toward its destination.
Fantom [35]

Answer:

1 mile per minute

Step-by-step explanation:

3 0
2 years ago
Read 2 more answers
Slope of (17,11)(5,0)
stepladder [879]

Hello from MrBillDoesMath!

Answer:

m = 11/12

Discussion:

Slope of line = m = (change in y) / (change in x)

                      = ( 11 - 0) / (17-5)

                      = 11/12

Thank you,

MrB

6 0
3 years ago
Read 2 more answers
Hi I got stuck on this question on a practice assignment. Can anyone help me please?
jonny [76]

Answer: A and B

Step-by-step explanation:

I think that the answer is A and B because in this case, R is clearly a negative number, because it’s below 0. So if we change the symbol in front of the R, it has to be positive. Let’s say R is -20. Negative R should be - - 20, which is + 20. So -R > 0. We and also say that -R = V because there are an equal number of bounds that separate R and V from 0, and since -R is the inverse of R, it has to be equal to V.

6 0
1 year ago
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