Home Ownership According to the Bureau of the Census, 68

question 21

Essay

Home ownership According to the Bureau of the Census, 68.0% of Americans owned their
own homes in 2003. A local real estate office is curious as to whether a higher percentage of
Americans own their own homes in its area. The office selects a random sample of 200
people in the area to estimate the percentage of those people that own their own homes.
a. Verify that a Normal model is a useful approximation for the Binomial in this situation.
b. What is the probability that at least 140 people will report owning their own home?
c. Based on the sample, how many people would it take for you to be convinced that a
higher percentage of Americans own their own homes in that area? Explain.

Understand the concept and application of negative and positive reinforcement in management.

Recognize the effectiveness of different reinforcement schedules on behavior.

Identify the principles for the effective use of punishment in management settings.

Comprehend the law of effect and its implications for behavior management.

---

Definitions:

Copyright Law

The branch of intellectual property law that protects original works of authorship, such as books, music, and art.

Literary Works

Written creations that are considered artistic or creative in nature, such as novels, poems, plays, and essays.

Artistic Works

Intellectual property category that includes creations of the mind such as paintings, sculptures, and literary works.

Books

Bound printed or written works that contain text, illustrations, or both.