MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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A market research company is interested in the home owership rates across Melbourne suburbs. They survey 253 households in the suburb of Carlton where the true probability of being a home owner for a given household is 0.782. Assume that the home ownership status of each households is independent of others.

What is the expected value of the variable X, defined as the number of people who own homes in the sample (round to the nearest number of people).

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