Solved

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

Question 21

Multiple Choice

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:  Type of Property  Condos  Townhouses  Homes  Commercial  Land  Frequency 89121782512\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} Which Chi-square test is most appropriate for this situation?


A) Goodness of Fit
B) Homogeneity
C) Independence
D) Proportional
E) None of the above.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions