The Following Table Shows the Average Percentage Increase in the Price

question 35

Multiple Choice

The following table shows the average percentage increase in the price of a house from 1980 to 2001 in 9 regions of the U.S. $\begin{array} { | l | l | } \hline \text { New England } & 300 \\\hline \text { Pacific } & 225 \\\hline \text { Middle Atlantic } & 225 \\\hline \text { South Atlantic } & 175 \\\hline \text { Mountain } & 175 \\\hline \text { West North Central } & 100 \\\hline \text { West South Central } & 75 \\\hline \text { East North Central } & 175 \\\hline \text { East South Central } & 100 \\\hline\end{array}$

Let X be the percentage increase in the price of a house in a randomly selected region.
What is the probability that, in a randomly selected region, the percentage increase in the cost of a house exceeded 200%

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Definitions:

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.

Common Stock Account

An equity account that represents the ownership interests of common shareholders in a corporation, reflecting the invested capital and retained earnings.

Reverse Stock Split

A reverse stock split is a consolidation of shares that decreases the total number of outstanding shares and increases the share price proportionately.

Market Value

The existing price for buying or selling an asset or service in the marketplace.