Analyze a Conclusion Using Standardized Residuals What Is the Standardized Residual Associated with Townhouses?
A) 23

Multiple Choice

Analyze a conclusion using standardized residuals.
-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: $$\begin{array} { l | c | c | c | c | c } \text { Type of Property } & \text { Condos } & \text { Townhouses } & \text { Homes } & \text { Commercial } & \text { Land } \\\hline \text { Frequency } & 89 & 121 & 78 & 25 & 12\end{array}$$
What is the standardized residual associated with Townhouses?

A) 23.5
B) 4.85
C) 10.86
D) 2.38
E) Not enough information given to calculate.