The NAR estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained find the probability that at most 175 homes are going...

9.The NAR estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained find the probability that at most 175 homes are going to be used as investments.

Extracted text: The NAR estimates that 23% of all homes purchased in 2004 were considered investment properties. If a sample of 800 homes sold in 2004 is obtained find the probability that at most 175 homes are going to be used as investments. 0.5189 a, 0.7759 b. 0.4821 C. 0.2247 d.