You are ready to put your house on the market since you have just accepted a new job in another state. Looking to sell the house quickly, you are investigating various realtors in the local area. On their website, HOME Realty displays the following frequency distribution summarizing the selling time (in days) of the last 19 detached, residential houses they sold. Selling time (in days) Frequency 0 to 10 5 11 to 21 6 22 to 32 5 33 to 43 1 44 to 54 2 Based on the frequency distribution, using the midpoint of each data class, estimate the mean selling time of the houses. For your intermediate computations, use four or more decimal places, and round your answer to one decimal place.
You are ready to put your house on the market since you have just accepted a new job in another state. Looking to sell the house quickly, you are investigating various realtors in the local area. On their website, HOME Realty displays the following frequency distribution summarizing the selling time (in days) of the last 19 detached, residential houses they sold.
Selling time (in days) Frequency
0 to 10 5
11 to 21 6
22 to 32 5
33 to 43 1
44 to 54 2
Based on the frequency distribution, using the midpoint of each data class, estimate the mean selling time of the houses. For your intermediate computations, use four or more decimal places, and round your answer to one decimal place.
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