Phil Dunphy, a real estate agent, is considering whether he should list an unusual $670,293 house for sale. If he lists it, he will need to spend $5,824 in advertising, staging, and fresh cookies. The current owner has given Phil 6 months to sell the house. If he sells it, he will receive a commission of $21,093. If he is unable to sell the house, he will lose the listing and his expenses. Phil estimates the probability of selling this house in 6 months to be 47%. What is the expected profit on this listing?

Answered: Image /qna-images/answer/0bb75958-1645-4dcb-b1b6-aecc38ea4894.jpg

Answered: Phil Dunphy, a real estate agent, is…

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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