Solved: Find percentage that people own their home, Basic Statistics

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Find percentage that people own their home

According to the census bureau, 68% of Americans owned their own homes in 2003. A local real estate office wants to see if this is the case in their area. They select a random sample of 200 people to estimate the percentage of who owns their home. What is the percentage that at least 140 people own their home?

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Basic Statistics: Find percentage that people own their home

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find percentage that people own their home

Reference No:- TGS0682501

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : Relationship between the confidence level

Q : Joint probability function of two random discrete variables

Q : What type of data is being requested

Q : Explain the schedule of cost of goods manufactured

Q : Find percentage that people own their home

Q : An insurance claim for the stolen bracelet

Q : Why the remaining amount will be collected in february

Q : What tax issues should andree consider

Q : Household income in the us

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: Find percentage that people own their home

Reference No:- TGS0682501

Recent Questions Asked Basic Statistics

Q : Relationship between the confidence level

Q : Joint probability function of two random discrete variables

Q : What type of data is being requested

Q : Explain the schedule of cost of goods manufactured

Q : Find percentage that people own their home

Q : An insurance claim for the stolen bracelet

Q : Why the remaining amount will be collected in february

Q : What tax issues should andree consider

Q : Household income in the us

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