The probability is 60% that a person earning more than $40,000 per year owns their own home. If ten people are selected at random, what is the probability that at least seven will own a home? (Hint: Think of the "characteristics" of the probability situation, then use the appropriate table.)

Answer rating: 100% (QA)

To calculate the probability that at least seven out of ten people will own a home we can use the bi... View the full answer