Until the summer of 2006, the real estate market in fresno, california, had been booming, with prices skyrocketing. recently, a study showed the sales patterns in fresno for single-family homes. one chart presented in the commission's report is reproduced here. it shows the number of homes sold by price range and number of days the home was on the market. using the relative frequency approach to probability assessment, what is the probability that a house will be on the market more than 7 days?

Problems and applications q5 four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. here is their willingness to pay for each film: willingness to pay (dollars) shen antonio dmitri jake first film 10 9 8 3 second film 8 7 6 2 third film 6 5 4 1 fourth film 4 3 2 0 fifth film 2 1 0 0 within the dorm room, the showing of a movie a public good. if it costs $12 to rent a movie, the roommates should rent movies in order to maximize the total surplus. suppose the roommates choose to rent the optimal number of movies you just indicated and then split the cost of renting equally. this means that each roommate will pay $ .