Find the value of x for which 
= 0.05.
Definitions:
Previous Owners
The individuals who owned an item or property before the current holder.
Likelihood of Outcome
The probability or chance that a specific outcome will occur out of a set of possible outcomes.
Personal Estimate
An individual's judgment or assessment of something, often based on personal experiences or perceptions.
Representativeness Heuristic
A cognitive bias in which an individual categorizes a situation based on how similar it is to a typical case from one's experiences, potentially leading to errors in judgment.
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