5.2.1 A homeowner has an offer to buy his house for $260,000. A realtor has informed the homeowner that if he is willing to leave the house on the market for another month, he will get between $245,000 and $270,000. Assume that the price that he will get by leaving the house on the market over the next month is uniformly distributed between $245,000 and $270,000. a) If he leaves it on the market for another month, what is the probability he will get less than $260,000? b) If he leaves it on the market for another month, what is the probability he will get more than $260,000
5.2.1 A homeowner has an offer to buy his house for $260,000. A realtor has informed the homeowner that if he is willing to leave the house on the market for another month, he will get between $245,000 and $270,000. Assume that the price that he will get by leaving the house on the market over the next month is uniformly distributed between $245,000 and $270,000. a) If he leaves it on the market for another month, what is the probability he will get less than $260,000? b) If he leaves it on the market for another month, what is the probability he will get more than $260,000
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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5.2.1
A homeowner has an offer to buy his house for $260,000. A realtor has informed the homeowner that if he is willing to leave the house on the market for another month, he will get between $245,000 and $270,000. Assume that the price that he will get by leaving the house on the market over the next month is uniformly distributed between $245,000 and $270,000.
a) If he leaves it on the market for another month, what is the
b) If he leaves it on the market for another month, what is the probability he will get more than $260,000?
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