What is the probability that a house will be sold under 30 days, if its initial

Question

What is the probability that a house will be sold under 30 days, if its initial asking price is under $50,000?

Days Listed Until Sold           Under $50,000                $(50,000-99,999)           at least $100,000

            Under30                               50                                   20                                    30             

            30-90                                  40                                 150                                 310

            Over 90                                10                                   80                                  110              

Explanation / Answer

Prob = 50/800 = 0.0625

Under $ 50,000 $(50-99) Atleast $100 Total Under 30 50 20 30 100 30-90 40 150 310 500 Over 90 10 80 110 200 Total 100 250 450 800

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