In the community of Spring Hill, 60% of the homes purchased cost more than $160,000. (a) Write

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In the community of Spring Hill, 60% of the homes purchased cost more than $160,000. 

(a) Write the binomial probability formula to determine the probability that exactly x of the next n homes purchased in Spring Hill cost more than $160,000. 

(b) Write the binomial probability formula to determine the probability that exactly 75 of the next 100 homes purchased in Spring Hill cost more than $160,000.

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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