Probability: Real Estate Data Set
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Refer to the Real Estate data (attached), which reports information on homes sold in the Denver, Colorado, are during the last year.
a. Sort the data into a table that shows the number of homes that have a pool versus the number that don't have a pool in each of the five townships. In a home is selected at random, compute the following probabilities:
1. The home is in Township 1 or has a pool.
2. Given that it is in Township 3, that it has a pool.
3. Has a pool and is in Township 3.
b. Sort the data into a table that shows the number of homes that have a garage attached versus the number those that don't in each of the five townships. In a home is selected at random, compute the following probabilities:
1. The home has a garage attached.
2. Given that it is in Township 5, that it does not have a garage attached.
3. The home has a garage attached and is in Township 3.
4. Does not have a garage attached or is in Township 2.
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Solution Summary
The solution provides step by step method for the calculation of probabilities and conditional probabilities. Formula for the calculation and Interpretations of the results are also included.
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