Question

HOME Realty claims that it can sell a detached, residential house faster than any other realty company. With the aim of examining HOME's claim, you sample 20 customers who sold a detached, residential house through HOME and record the selling times (in days) of the houses. Your data are summarized below:
Selling Time Frequency
0 10 3
10 20 4
20 30 6
30 40 4
40 50 3


Find the proportion of selling times in the sample that are less than 20 days claims that it can sell a detached, residential house faster than any other realty company.

Answer 1

Answer:

0.35

Step-by-step explanation:

Given the data:

Selling Time___ Frequency

0 10____________3

10 20__________ 4

20 30__________ 6

30 40__________ 4

40 50__________ 3

Proportion of selling time in sample above that are less Than 20 days :

Taking the sum of the frequency :

Hence, total frequency = (3 + 4 + 6 + 4 + 3) = 20

Selling time which is less Than 20 days :

(0 - 10) = 3

(10 - 20) = 4

Total = (3 + 4) = 7

Proportion = selling time less Than 20 days / total frequency

= 7 / 20

= 0.35