The sales records of a real estate company for the month of May shows the following house prices (rounded to the nearest $1,000). Values are in thousands of dollars. 
a.
Develop a frequency distribution and a percent frequency distribution for the house prices. (Use 5 classes and have your first class be 20 - 39.)
b.
Develop a cumulative frequency and a cumulative percent frequency distribution for the above data.
c.
What percentage of the houses are sold at a price below $80,000?
Definitions:
Net Present Value
A method used in capital budgeting to evaluate the profitability of an investment by calculating the present value of all future cash flows minus the initial investment cost.
Simulation Analysis
is a method used in risk management to model possible outcomes of a decision by manipulating variables within mathematical or computer simulations.
NPV Estimates
Projections or calculations of the Net Present Value for different investments or projects to aid in decision-making.
Simulation Analysis
A technique used to predict the outcome of a project or investment by running multiple simulations with various sets of assumptions.
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