Housing Prices Going into the Real Estate Bubble The following table shows the average percentage increase in the price of a house in 9 regions of the United States. New England 300 Pacific 225 Middle Atlantic 125 South Atlantic 175 Mountain 50 West North Central 175 West South Central 175 East North Central 225 East South Central 125 Let X be the percentage increase in the price of a house in a randomly selected region. (a) What are the values of X? (Enter your answers from smallest to largest. Do not enter redundant values.) X = X = X = X = X = (b) Compute the frequency and probability distribution of X. 50 125 175 225 300 P(X = x) Frequency (c) What is the probability that, in a randomly selected region, the percentage increase in the cost of a house exceeded 150%?

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Housing Prices Going into the Real Estate Bubble The following table shows the average percentage increase in the
price of a house in 9 regions of the United States.
New England
з00
Pacific
225
Middle Atlantic
125
South Atlantic
175
Mountain
50
West North Central
175
West South Central
175
East North Central
225
East South Central
125
Let X be the percentage increase in the price of a house in a randomly selected region.
(a) What are the values of X? (Enter your answers from smallest to largest. Do not enter redundant values.)
X =
X =
X =
X =
X =
(b) Compute the frequency and probability distribution of X.
50
125
175
225
300
P(X = x)
Frequency
(c) What is the probability that, in a randomly selected region, the percentage increase in the cost of a house exceeded
150%?
Transcribed Image Text:Housing Prices Going into the Real Estate Bubble The following table shows the average percentage increase in the price of a house in 9 regions of the United States. New England з00 Pacific 225 Middle Atlantic 125 South Atlantic 175 Mountain 50 West North Central 175 West South Central 175 East North Central 225 East South Central 125 Let X be the percentage increase in the price of a house in a randomly selected region. (a) What are the values of X? (Enter your answers from smallest to largest. Do not enter redundant values.) X = X = X = X = X = (b) Compute the frequency and probability distribution of X. 50 125 175 225 300 P(X = x) Frequency (c) What is the probability that, in a randomly selected region, the percentage increase in the cost of a house exceeded 150%?
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