Question: A small real estate company that specializes in residential listings recently became interested in determining the likelihood of one of their listings being sold within a certain number of days.  An analysis of the company sales of 800 homes in previous years produced the following data.

Days Listed Until Sold

Initial Asking Price Under 30     31-90      Over 90      Total

Under $250,000          50        40          0            90

$250,000-$299,999       25       150         80           255

$300,000-$350,000       15       270        110           395

Over $350,000           10        30         20            60

Total             100       490        210           800

If a listing is randomly selected, what is the probability that the initial asking price was over $350,000 or it was listed for over 90 days?

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document