Employ the normal approximation


According to the national association of Realtors, 24% of houses were considered investment properties (as opposed to primary residences). If random sample of 500 houses is obtained, determine the probability that 130 or more of them are investment properties? Do the test to see if sample is large enough to employ the normal approximation. Round your answer in percent to one decimal place.

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Basic Statistics: Employ the normal approximation
Reference No:- TGS0856538

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