The Number of Days That Homes Stay on the Market

question 78

Multiple Choice

The number of days that homes stay on the market before they sell in Houston is bell-shaped with a mean equal to 56 days.Further,95 percent of all homes are on the market between 40 and 72 days.Based on this information,what is the standard deviation for the number of days that houses stay on the market in Houston?

• A)8
• C)16

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Definitions:

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, which may begin and end at any point during the calendar year.

Journalize

The process of recording transactions into the accounting journal as part of the accounting record-keeping system.