Math Problem Statement
A real estate agent has 17 properties that she shows. She feels that there is a 30% chance of selling any one property during a week. The chance of selling any one property is independent of selling another property. Compute the probability of selling more than 4 properties in one week. Round your answer to four decimal places.
Solution
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Math Problem Analysis
Mathematical Concepts
Probability Theory
Binomial Distribution
Formulas
P(X = k) = C(n, k) * p^k * (1 - p)^(n - k)
P(X > 4) = 1 - P(X ≤ 4)
Theorems
Binomial Theorem
Suitable Grade Level
Grades 10-12
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