New Homes In the community of Spring Hill, 60% of the

Chapter 12, Problem 955

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New Homes 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 home purchases cost more than $160,000.

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