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REAL 1820 Lecture Notes - Lecture 8: Estate Agent, Toronto Star, Communication

19 views6 pages
rubyferret205
27 Oct 2015
School
University of Guelph
Department
Real Estate and Housing
Course
REAL 1820
Professor
Jian Zhou

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Document Summary

Selling or buying a new home can be extremely complicated and aggravating, and ultimately one of the most important decisions you will have to make throughout your life. If you are selling your home, you must be educated about selecting the right agent, possibly renovating to increase your homes property value, consider many different pricing strategies, and lastly decided which buyer you will accept. All of these tasks are immensely important for both buyers and sellers, and real estate lawyers are critical to hire during the housing process. Real estate lawyers are essential to the process of buying and selling of any property, and are legal professionals who specialize in all-legal aspects of real estate. They ensure that you are completing every step of the buying or selling process efficiently, and will help you achieve the best possible outcome. As there are many professions in the real estate industry, it is very easy to confuse occupation titles.

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Related Questions

1. Kyle works at a local music store. The store receives a shipment of new CDs in a box. In the shipment, there are 10 country CDs, 5 rock CDs, 12 hip hop CDs, and 3 jazz CDs.

What is the probability that the first CD Kyle chooses from the box will be country?

A. 1/3

B. 12/30

C. 10/27

D. 2/3

 

2. Kyle works at a local music store. The store receives a shipment of new CDs in a box. In the shipment, there are 10 country CDs, 5 rock CDs, 12 hip hop CDs, and 3 jazz CDs.

What is the probability that Kyle will select a jazz CD from the box, and then, without replacing the CD, select a country CD?

A. 1/29

B. 10/290

C. 10/320

D. 1/32

[3 MARKS EACH) Answer each question. (a) A ladder 30 feet long rests against a vertical wall. A 3-foot rope hangs down from the top of the ladder, with a lantern attached to it. If the bottom of the ladder is slipping away from the wall at a rate of 1 ft/s, how fast, in ft/s, is the lantern descending when the bottom of the ladder is 10 feet from the wall? ANSWER ONLY

A salesperson makes four calls per year. A sample of 100 days given the following frequencies of sales volumes.

Number of Sales  Observed Frequency (days)
0 30
1 32
2 25
3 10
4 3
TOTAL 100

Records show sales are made to 30% of all sales calls. Assuming independent sales calls, the number of sales per day should follow a binomial distribution. The Binomial distribution is represented by:

 

For this exercise, assume that the population has a binomial probability distribution with n=4, p=0.30 and x= 0, 1, 2, 3  and 4.

(a)  Compute the expected frequencies for x=0, 1, 2, 3 and 4 by using the binomial probability function. Combine categories if necessary to satisfy the requirement that the expected frequency is five or more for all categories.

(b) Use the goodness of fit test to determine whether the assumption of a binomial probability distribution should be rejected. Because no parameters of the Binomial probability distribution were estimated from the sample data, the degrees of freedom are k-1 .