Answer:
0.0013
Step-by-step explanation:
The probability of selling a property is 40%, so the probability of not selling it is 60%.
To find the probability of selling at least 11 properties, we can calculate the following cases:
Selling 11:
P(11) = C(13,11) * P(sell)^11 * P(not sell)^2
P(11) = (13! / (11! * 2!)) * 0.4^11 * 0.6^2
P(11) = 13*12/2 * 0.4^11 * 0.6^2 = 0.001178
Selling 12:
P(12) = C(13,12) * P(sell)^12 * P(not sell)^1
P(11) = (13! / (12! * 1!)) * 0.4^12 * 0.6^1
P(11) = 13 * 0.4^12 * 0.6 = 0.000131
Selling 13:
P(13) = C(13,13) * P(sell)^13 * P(not sell)^0
P(11) = 1 * 0.4^13 * 0.6^0
P(11) = 1 * 0.4^13 * 1 = 0.000007
Final probability:
P(at least 11) = P(11) + P(12) + P(13)
P(at least 11) = 0.001178 + 0.000131 + 0.000007 = 0.001316
P(at least 11) = 0.0013
