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:
Which Chi-square test is most appropriate for this situation?
Definitions:
Uniform Rule
A standardized legal rule that is adopted and applied consistently across various jurisdictions or entities.
Intoxicated Persons
Individuals under the influence of alcohol or drugs to a degree that significantly impairs their judgment, behavior, and functionality.
Contractual Capacity
The legal ability of a person or entity to enter into a binding contract.
Uniform Commercial Code
A comprehensive set of laws governing all commercial transactions in the United States, intended to streamline and harmonize the laws of sales and other commercial transactions across states.
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