# From long experience a landlord knows that the probability an apartment in a complex will not be rented is 0.10. There are 20 apartments in the complex, and the rental status of each apartment is independent of the status of

From long experience a landlord knows that the probability an apartment in a complex will not be rented is 0.10. There are 20 apartments in the complex, and the rental status of each apartment is independent of the status of the others. When a minimum of 16 apartment units are rented, the landlord can meet all monthly expenses. Which probability is more relevant to the landlord in terms of being able to meet expenses: the probability that there are exactly four unrented units or the probability that there are four or fewer unrented units? Explain.

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**Related Book For**

## Applied Statistics In Business And Economics

**ISBN:** 9780073521480

4th Edition

**Authors:** David Doane, Lori Seward

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