(Use computer) Despite the fact that hom e prices seem affordable and m ortgage rates are at...
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(Use computer) Despite the fact that hom e prices seem affordable and m ortgage rates are at historic lows, real estate agents say they are showing more homes, but not selling more (The Boston Globe, March 7 , 2009). A real estate company estim ates that an average of five people show up at an open house to view a property. There is going to be an open house on Sunday.
a. W hat is th e probability th a t a t least five people will show up to view th e property?
b. W hat is th e probability th a t few er th an five peo p le will show up to view th e property? L05
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia
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