A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. The
Question:
a. If she leaves the house on the market for another month, what is the mathematical expression for the probability density function of the sales price?
b. If she leaves it on the market for another month, what is the probability she will get at least $215,000 for the house?
c. If she leaves it on the market for another month, what is the probability she will get less than $210,000?
d. Should the executive leave the house on the market for another month? Why or why not?
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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
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