# Question

Forty-five percent of all homes for sale in your local area sell quickly—within 20 days of listing. Thirty-fve percent sell within 21 to 50 days. The remaining homes sell slowly, taking longer than 50 days. Pilot Realty claims that it accounts for 90% of the quick sales (20 days or less), 30% of the 21-50 day sales, and only 10% of the slow sales (more than 50 days).

a. Overall, Pilot accounts for what percentage of local home sales?

b. Based on the fgures above, if Pilot lists a house, what is the likelihood that the house will sell in 20 days or less?

a. Overall, Pilot accounts for what percentage of local home sales?

b. Based on the fgures above, if Pilot lists a house, what is the likelihood that the house will sell in 20 days or less?

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