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Compute Probabilities of a Sample Proportion

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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.


Definitions:

Mutation

A permanent alteration in the DNA sequence of a gene, which can lead to differences in physical traits or impact health.

Founder Effect

A genetic phenomenon that occurs when a new population is established by a very small number of individuals, leading to a reduction in genetic variation and possible drift in allele frequencies.

Population

A group of individuals of the same species that live in the same area and have the potential of interbreeding.

Somatic Cells

These are any cells forming the body of an organism, excluding reproductive cells.

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