Compute Probabilities of a Sample Proportion

question 4

Multiple Choice

Compute Probabilities of a Sample Proportion
-The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained and it was noted that 248 homes were to be used as investment property, would this be unusual Answer Yes or No.

• A) Yes
• B) No

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Definitions:

Early Adolescence

A developmental stage marking the transition from childhood to adolescence, typically between the ages of 10 and 14, characterized by significant physical, emotional, and psychological changes.

Middle Adulthood

A phase in the human life cycle typically occurring from ages 40 to 65, marked by increased personal and professional stability, but also by awareness of aging and mortality.

High School Seniors

Students in their final year of high school, typically focusing on completing graduation requirements and preparing for post-secondary education or careers.

Great Risk

A situation or action that involves a high likelihood of experiencing significant or severe negative outcomes.