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Housing in India varies from palaces of erstwhile maharajas to modern apartment buildings in big cities to tiny huts in far-flung villages. There has been
Housing in India varies from palaces of erstwhile maharajas to modern apartment buildings in big cities to tiny huts in far-flung villages. There has been tremendous growth in India's housing sector as incomes have risen. The Human Rights Measurement Initiative finds that India is doing 60.9% of what should be possible at its level of income for the right to housing. Renting, also known as hiring or letting, is an agreement where a payment is made for the temporary use of a good, service, or property owned by another. A gross lease is when the tenant pays a flat rental amount, and the landlord pays for all property charges regularly incurred by the ownership. Renting can be an example of the sharing economy. BHK: Number of Bedrooms, Hall, Kitchen. Rent: Rent of the Houses/Apartments/Flats in Lakh. Size: Size of the Houses/Apartments/Flats in Square Feet. Floor: Houses/Apartments/Flats situated in which Floor and Total Number of Floors (Example: Ground out of 2, 3 out of 5, etc.) City: City where the Houses/Apartments/Flats are Located. Furnishing Status: Furnishing Status of the Houses/Apartments/Flats, either it is Furnished or Semi-Furnished or Unfurnished. Tenant Preferred: Type of Tenant Preferred by the Owner or Agent. Bathroom: Number of Bathrooms.1. Develop a contingency table using these variables: Furnishing Status and Number of Bathrooms which includes the total for each column and row. [5 marks] [For the following questions, ALL working must be shown clearly and round up your answers to two (2) decimal places.] 2. What is the probability that a randomly selected house/apartment/flat is semi-furnished or has two bathrooms? [3 marks] 3. Suppose that the selected house/apartment/flat is furnished, what is the probability that the house/apartment/flat has more than two bathrooms? [2 marks] 4. What is the probability that a randomly selected house/apartment/flat has one bathroom and Unfurnished? [2 marks] 5. Suppose that 3 house/apartment/flat were selected at random. What is the probability that all three house/apartment/flat were semi-furnished? [3 marks]
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