subject
Business, 18.06.2020 19:57 Inrimid3619

Cooper Realty is a small real estate company located in Albany, New York, that specializes primarily in residential listings. The company recently became interested in determining the likelihood of one of its listings being sold within a certain number of days. An analysis of company sales of 800 homes in previous years produced the following data. Days Listed Until Sold Under 30 31–90 Over 90 Total Initial Asking Price Under $150,000 50 40 10 100 $150,000–$199,999 20 150 80 250 $200,000–$250,000 20 280 100 400 Over $250,000 10 30 10 50 Total 100 500 200 800 (a) If A is defined as the event that a home is listed for more than 90 days before being sold, estimate the probability of A. If required, round your answer to two decimal places. (b) If B is defined as the event that the initial asking price is under $150,000, estimate the probability of B. If required, round your answer to three decimal places.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 17:10
All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.
Answers: 2
question
Business, 21.06.2019 20:30
According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?
Answers: 3
question
Business, 22.06.2019 15:00
Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive
Answers: 1
question
Business, 22.06.2019 19:00
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
You know the right answer?
Cooper Realty is a small real estate company located in Albany, New York, that specializes primarily...
Questions
question
Mathematics, 10.10.2021 17:10
question
Mathematics, 10.10.2021 17:20
question
Mathematics, 10.10.2021 17:20
Questions on the website: 13722367