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QUESTION

For homes sold in the past year, the average number of days on the market (DOM) was 266 days. During...

For homes sold in the past year, the average number of days on the market (DOM) was 266 days. During this time, DOM was normally distributed, with a standard deviation of 12 days. The Carmichaels sold their house in 245 days. Using the Area Under Normal Curve Table document linked in the Resources under the Required Resources heading, what percentage of homeowners

  • Sold their home at the same point or earlier than the Carmichaels?
  • Sold their home at a later point than the Carmichaels?
  • Sold their home between 245 days and the average DOM?
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