A researcher records the following data for the number of bids made on a sample of items sold at an auction.Based on the table,what was the probability that an item had 7 bids made on it? 
Definitions:
Collateral
Collateral refers to properties or assets that a borrower offers to a lender as security for a loan, which can be confiscated if the borrower fails to repay.
Debtor's Default
A situation where a debtor fails to meet the legal obligations of a loan, such as not making scheduled payments.
Debtor's Estate
The total assets available to a debtor that can be used to settle debts in bankruptcy or insolvency proceedings.
Trustee
A person who operates a trust for beneficiaries in a business trust. In bankruptcy proceedings, an individual who takes over administration of a debtor’s estate.
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