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

question 12

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.Based on the data shown below, the null hypothesis was rejected and the agency concluded that the current distribution of property sales differs from the historical distribution.Based on an examination of the standardized residuals, which type of property had the most impact on the test results?

• A)Condos
• B)Townhouses
• C)Homes
• D)Commercial
• E)Land

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Definitions:

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Software solutions designed to manage and optimize the flow of goods, information, and finances across the supply chain.

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The practice of managing a company’s interactions with current and potential customers, often using data analysis about customers' history to improve business relationships.