For Problems 9-11, refer to the information below. A small real estate company that specializes in r
Question: For Problems 9-11, refer to the information below.
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 $150,000 50 40 0 90
$150,000-$199,999 25 150 80 255
$200,000-$250,000 15 270 110 395
Over $250,000 10 30 20 60
Total 100 490 210 800
If a listing is randomly selected, what is the probability that it was listed for under 30 days until sold or the initial asking price was under $150,000?
Deliverables: Word Document
