Final answer:
The probability that a randomly selected teacher from the school is a new teacher with less than 5 years of experience and owns their own home is 0.0333, or 3.33%.
Step-by-step explanation:
The question asks for the probability that a randomly selected teacher from the local high school is a new teacher with less than 5 years of teaching experience who owns their own home. Based on the table provided, there are 5 new teachers who own their homes out of a total of 150 teachers surveyed. To calculate the probability, we use the formula:
Probability = (Number of favorable outcomes) / (Total number of outcomes)
The number of favorable outcomes is 5 (new teachers who own homes), and the total number of outcomes is 150 (total number of teachers). Substituting these into the formula, we get:
Probability = 5 / 150 = 0.0333 (or 3.33%)