The National Association of Realtors Estimates That 23% of All

question 44

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 between175 and 200 homes are going to be used as investment property?

• A) 0.1335
• B) 0.9099
• C) 0.7764
• D) 0.2236

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Definitions:

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of an organization.

Scientific Method

A systematic approach to research in which problems are identified, hypotheses formulated, and experiments designed to test the hypotheses.

Critical-Thinking Process

The active process of analyzing, assessing, and evaluating information in a logical manner to make reasoned judgments.

Independent Variables

Factors that remain unchanged.