According to the Census Bureau, 64

question 1

Essay

According to the Census Bureau, 64.5% of Americans owned their own home in 2013.
A local real estate office wants to see if this is the case for its area. The office selects a
random sample of 200 people to estimate the percentage who own their own homes.
A. Verify that the normal model can be used to approximate the binomial in this situation.
b. What is the probability that at least 140 people own their own home?

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Definitions:

Perfected Through Possession

A legal status indicating that a party's interest in a piece of property or an asset is fully secured and acknowledged legally because they possess it.

Stocks

Equity investments representing ownership interests in corporations, giving shareholders a claim on the company's earnings and assets.

Certificates of Deposit

Interest-bearing bank deposits with a fixed maturity date, penalty for early withdrawal, and are insured.

Proceeds

Refers to the money or other benefits received from a transaction or event.