Compute Probabilities of a Sample Proportion
-The National Association of Realtors

question 6

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 what is the probability that at least 175 homes are going to be used as investment property?

• A) \(0.7764\)
• B) \(0.4821\)
• C) \(0.2236\)
• D) \(0.5189\)

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