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 50 of the next 100 homes purchased in Spring Hill cost more than $160,000.
c) Evaluate the formula written in part b) using a scientific or graphing calculator. Round your answer to five decimal places.
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Related Book For 
A Survey Of Mathematics With Applications
ISBN: 9780135740460
11th Edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
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