The National Association of Realtors Estimates That 23% of All

question 26

Multiple Choice

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 at most200 homes are going to be used as investment property?

• A) 0.9099
• B) 0.4066
• C) 0.0934
• D) 0.5935

---

Definitions:

Ballot Designs

The visual layout, structure, and method of information presentation on ballots, which can significantly influence voting behavior and election outcomes.

Local Officials

Elected or appointed individuals who serve in governmental positions at the municipal or county level, responsible for local governance and administration.

Register

To record or enroll formally, often in the context of registering to vote, or the action of capturing and storing information.

Cumulative Voting

A voting system that allows shareholders to allocate all of their votes to one candidate, enhancing minority shareholders' chances of influencing board election outcomes.