A realtor has been told that​ 43% of homeowners in a city prefer to have a finished basement. She surveys a group of 300 homeowners randomly chosen from her client list. Describe the sampling distribution model of the proportion of homeowners in this sample who prefer a finished basement. Round to the nearest tenth

Answer :

The sample who prefer a finished basement is 126 homeowners

Percentages and ratios

Given the following parameters

The total number of people surveyed = 300 homeowners

If a realtor has been told that​ 43% of homeowners in a city prefer to have a finished basement, the sample of owners that prefer a finished basement is expressed as:

Sample of owners = 43% of 300

Sample of owners = 0.43 * 300
Sample of owners = 126

Hence the sample who prefer a finished basement is 126 homeowners

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