Question

a real estate agent has 12 properties that she shows. she feels that there is a...

a real estate agent has 12 properties that she shows. she feels that there is a 40% chance of selling any one property during a week. the chance of selling any one property is independent of selling another property. compute the probability of selling more than 5 properties in one week. round to four decimal places.

Homework Answers

Answer #1

and

Let

To find

  

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A real estate agent has 17 properties that she shows. She feels that there is a...
A real estate agent has 17 properties that she shows. She feels that there is a 40% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling less than 6 properties in one week. Round your answer to four decimal places.
A real estate agent has 19 properties that she shows. She feels that there is a...
A real estate agent has 19 properties that she shows. She feels that there is a 30 % chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling at least 5 properties in one week.
1)A real estate agent has 20 properties that she shows. She feels that there is a...
1)A real estate agent has 20 properties that she shows. She feels that there is a 440% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling less than 5 properties in one week. Round your answer to four decimal places. 2)Assume the random variable X has a binomial distribution with the given probability of obtaining a success. Find the following probability, given...
Part A – EVC Analysis A homeowner has asked a local real estate agent for advice...
Part A – EVC Analysis A homeowner has asked a local real estate agent for advice on the price he should set for his house. The real estate agent notes that the only comparable house in the neighborhood that is currently for sale is asking $350,000. Both houses are on a hill that overlooks a beautiful lake, but the owner’s house is forty feet farther up the hill than the comparable house. The agent estimates that, in this area, customers...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate is seeking your assistance in designing a database for her business. One of her employees has experience in developing and implementing Access-based systems, but has no experience in conceptual or logical data modeling. So, at this point Tanya only wants you to develop a conceptual data model for her system. You are to use our entity-data diagramming notation - Crows foot symbols. Tanya has...
Lisa Conway worked as a real estate agent for Avis Reality for 12 years. Her annual...
Lisa Conway worked as a real estate agent for Avis Reality for 12 years. Her annual income is approximately $120,000 per year. Lisa is considering establishing her own real estate agency. She expects to generate revenues during the first year of $3 million. Salaries paid to her employees are expected to total $2 million. Operating expenses (i.e., rent, supplies, utility services) are expected to total $300,000. To begin the business, Lisa must borrow $550,000 from his bank at an interest...
A real estate agent compares the selling prices of homes in two suburbs of Seattle to...
A real estate agent compares the selling prices of homes in two suburbs of Seattle to see whether there is a significant difference in price. The results of the study are shown below. Suburb 1 Suburb 2 x¯ $63,255 $60,102 s $5,602 $4,731 n 35 40 1. Find the p-value for the test and round to 4 significant decimal places. 2. Find the 99% confidence interval for the difference in means. Put your answers in (a, b) form and round...
Let X represent the number of homes a real estate agent sells during a given month....
Let X represent the number of homes a real estate agent sells during a given month. Based on previous sales? records, she estimates that Upper P left parenthesis 0 right parenthesis equals 0.63P(0)=0.63?, Upper P left parenthesis 1 right parenthesis equals 0.24P(1)=0.24?, Upper P left parenthesis 2 right parenthesis equals 0.09P(2)=0.09?, Upper P left parenthesis 3 right parenthesis equals 0.03P(3)=0.03?, Upper P left parenthesis 4 right parenthesis equals 0.01P(4)=0.01?, with negligible probability for higher values of x.a. Explain why it...
1)A real estate agent is interested in determining factors that affect the mean selling price of...
1)A real estate agent is interested in determining factors that affect the mean selling price of a home. One factor she is considering is known as "lot configuration," which determines the position of the house within the neighborhood that it is built. The possible lot configurations are (don't worry about their precise definitions):        Inside:        Inside lot        Corner:       Corner lot        CulDSac     Cul-de-sac        FR2:           Frontage on 2 sides of property        FR3:           Frontage on 3 sides of property Suppose that she were to perform an ANOVA to examine...
Facts: Larry and Marcia Ricci are a married couple living in California who file a joint...
Facts: Larry and Marcia Ricci are a married couple living in California who file a joint tax return. For the past several years, Larry worked full time as a CPA. This year, Larry spent 2,250 hours working in his CPA position. In addition to being a homemaker, Marcia worked part-time as a real estate agent at Brokerage Firm. Although Marcia was licensed as a real estate agent applicable state law; she was not a licensed as a broker. Marcia worked...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT