Use the Following Information to Answer Questions

question 56

Essay

Use the following information to answer questions . Suppose that a recent poll of single people over the
age of thirty-five were asked about their living arrangements. The poll found that 34% rented a house or
apartment, 21% owned a house, and 17% owned a condominium. Suppose that four single people are selected
randomly and with replacement.
-What is the probability that all four people rent a house or apartment? Show your work and round to the nearest thousandth.

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Definitions:

Bounded Distribution

A statistical distribution with both a minimum and maximum value, limiting the range of possible outcomes.

Uniform Continuous Probability Distribution

A type of distribution where all outcomes in a certain interval are equally likely.

Equally Likely

A term used in probability to denote outcomes that have the same chance of occurring.

Continuous Probability Distributions

Mathematical functions that represent the probabilities of all possible continuous outcomes for a random variable.