Computing the percentage of homeowners

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Reference no: EM132434135

Data: For homes that sold in the past year, the average number of days on the market (DOM) was 266 days. During this time, DOM was normally distributed with a standard deviation of 12 days. The Carmichaels sold their house in 245 days.

Instruction: Using the Unit Normal Table, answer what percentage of homeowners:

a. sold their home at the same point or earlier than the Carmichaels?

b. sold their home at a later point than the Carmichaels?

c. sold their home between 245 days and the average DOM?

Reference no: EM132434135

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