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A Real Estate Agency, Located in a Metropolitan Area in the Northeastern

Question 205

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A real estate agency, located in a metropolitan area in the northeastern U.S., kept data on the various types of properties purchased in the area.Historically, 15% of purchases were for condominiums, 30% were for townhouses, 40% for single family homes, 10% for commercial properties and 5% for land.With changing demographics, the agency wondered if the current distribution matches the historical distribution.Recent data showed the following:
A real estate agency, located in a metropolitan area in the northeastern U.S., kept data on the various types of properties purchased in the area.Historically, 15% of purchases were for condominiums, 30% were for townhouses, 40% for single family homes, 10% for commercial properties and 5% for land.With changing demographics, the agency wondered if the current distribution matches the historical distribution.Recent data showed the following: The value of the Chi-square test statistic is ________________________ . A) χ <sup>2 </sup>= 5.993 B) χ <sup>2 </sup>= 62.538 C) χ <sup>2 </sup>= 101.482 D) χ <sup>2 </sup>= 77.431 E) χ <sup>2 </sup>= 8.101
The value of the Chi-square test statistic is ________________________ .


A) χ 2 = 5.993
B) χ 2 = 62.538
C) χ 2 = 101.482
D) χ 2 = 77.431
E) χ 2 = 8.101

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