THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 146

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A local real estate broker has collected data on the sales of 128 homes.She is interested in looking at the selling price of the house as well as the length of time the house was for sale.She prepared the following two-way table.
-What proportion of all houses took 30 days or more to sell?

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Definitions:

Not-for-Profit Entity

An organization that operates for charitable, educational, cultural, religious, or other purposes serving the public interest, where profitability is not the primary goal.

Supporting Services Expenses

Costs incurred for activities that assist the core operations of a business but do not directly contribute to production.

Journal Entry

A recording in the accounting ledger that represents a single transaction and its effect on the accounts, consisting of at least one debit and one credit.

Not-for-Profit

Organizations that operate for purposes other than generating profit, investing income back into their missions and activities to benefit society or specific groups.