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In: Statistics and Probability

Suppose 35% of homes in a Miami, Florida, neighborhood are under water (in other words, the...

Suppose 35% of homes in a Miami, Florida, neighborhood are under water (in other words, the amount due on the mortgage is larger than the value of the home). There are 160 homes in the neighborhood and 30 of those homes are owned by your friends. What is the probability that fewer than 30% of your friends' homes are under water?

a.

0.2627
b.

0.2843
c.

0.6400
d.

0.7389

(No excel work)

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orchestra answered 2 years ago
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