2) 14pts). The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered invest
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2) 14pts). The National Association of Realtors estimates that 23% of all homes purchased in 2004 were considered invest
2) 14pts). 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 less than 175 homes are going to be used as investment property? (Make sure to show your steps of converting to z). Round your answer to 4 decimal places if possible.
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