Real estate part 2 in the real estate research described in, Ask an Expert

Statistics

Real estate, part 2. In the real estate research described in Exercise 29, 64% of homes for sale have garages, 21% have swimming pools, and 17% have both features.

a) What is the probability that a home for sale has a garage, but not a pool?

b) If a home for sale has a garage, what's the probability that it has a pool, too?

c) Are having a garage and a pool independent events? Explain.

d) Are having a garage and a pool mutually exclusive? Explain.

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91724701

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

You are working for a large corporation and oversee a

You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is 35%, yielding a CPI is $23.00. Your company requires all rese ...

Calculate the standard deviation of a portfolio consisting

Calculate the standard deviation of a portfolio consisting of 40 percent stock X and 60 percent stock Y. Company Beta Expected Return Variance Covariance X 1.8 0.18 0.30 COVx,y=0.080 Y 2.6 0.22 0.04 Round to the nearest ...

A college offers 2 introductory courses in history 3 in

A college offers 2 introductory courses in history, 3 in science, 4 in philosophy, 4 in mathematics, and 5 in English. If a freshman takes one course in each area during her first semester, how many course selections are ...

Estimate the proportion of people in various states that

Estimate the proportion of people in various states that will use the courior services. Suppose the true proportion is 0.03. If 476 are sampled, what is the probability that the sample proportion will be less than 0.04?

A travel weekly international transport association survey

A Travel Weekly International Transport Association survey asked business travelers about the purpose for their most recent business trip. 19% responded that it was for an internal company visit. Suppose 950 business tra ...

Suppose the timing device used in the mens race failed to

Suppose the timing device used in the men's race failed to activate at the start of the race and instead began to record the times seconds into the race. Consider how the competitors' times would be affected. Would the s ...

Initial outlay is 16853year 1 5625year 2 5504year 3

Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. Studies show losses are 30%of the size of the new issue, so how large a ...

Kirk inc has come out with a new and improved product and

Kirk Inc. has come out with a new and improved product, and is expected to have an ROE of 14.4%. It will maintain a plowback ratio of 30%. Investors expect a 6.3% rate of return on the stock. (a) At what P/E ratio would ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert