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

Question 4

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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)    \chi^{2}=5.993   B)    \chi^{2}=62.538   C)    \chi^{2}=101.482   D)    \chi^{2}=77.431   E)    \chi^{2}=8.101    The value of the chi-square test statistic is


A) χ2=5.993 \chi^{2}=5.993
B) χ2=62.538 \chi^{2}=62.538
C) χ2=101.482 \chi^{2}=101.482
D) χ2=77.431 \chi^{2}=77.431
E) χ2=8.101 \chi^{2}=8.101

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