SOLUTION: If 29 homes sold in the last 90 days or 3 months and there are 3 homes that are currently for sale. How is the probability of the 3 homes selling in next 90 days?

Question 984111: If 29 homes sold in the last 90 days or 3 months and there are 3 homes that are currently for sale. How is the probability of the 3 homes selling in next 90 days?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Absolutely no way to determine the answer from the information given. If 29 sold in 3 months out of 10,000 that were on the market, then the probability is pretty slim. But if only 32 were on the market, meaning 29 sold and 3 didn't, the chances are pretty good. You have to give us ALL of the information if you want help.

John

My calculator said it, I believe it, that settles it

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