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In a Comprehensive Review of Past Real Estate Sales, Researchers α\alpha

Question 15

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In a comprehensive review of past real estate sales, researchers noted that even though four styles of homes were offered to potential home buyers with equal frequency, the actual number of purchases of each type of home were slightly different. There were 2,144 homes purchased. Do the observed frequencies indicate any preference for particular styles? Use
α\alpha = .05
(a) Colonial: 514 purchased
(b) Cape Cod: 498 purchased
(c) Victorian: 604 purchased
(d) Salt Box: 528 purchased

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