Question
1. J&M Business is a real estate company. Through an analysis of 95 houses sold in the previous year by the company, corresponding to price
1. J&M Business is a real estate company. Through an analysis of 95 houses sold in the previous year by the company, corresponding to price (in millions of pesos) and days of sale until the purchase, the following data were recorded: 60 houses were sold with prices from $ 200 to $ 400, the remainder for more than $ 400; 51 houses were sold in 30 to 120 days, the remaining in more than 120 days; and 20 homes sold in the $ 200 to $ 400 range and took 30 to 120 days to sell. J&M wants to estimate the probability that selling houses over $ 400 million will make sale number 8 the second to take more than 120 days. Assume that home sales are independent, and find this probability.
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