The Conrad Real Estate Company Recently Conducted a Statistical Test

question 95

True/False

The Conrad Real Estate Company recently conducted a statistical test to determine whether the number of days that homes are on the market prior to selling is normally distributed with a mean equal to 50 days and a standard deviation equal to 10 days. The sample of 200 homes was divided into 8 groups to form a grouped data frequency distribution. If a chi-square goodness-of-fit test is to be conducted using an alpha = .05, the critical value is 14.0671.

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Definitions:

Tertiary Circular Reactions

The stage in infant development, according to Piaget, characterized by the purposeful adaptation of established schemes to new situations.

Mental Representations

Internal cognitive symbols that stand in for objects, events, or concepts, allowing individuals to mentally simulate and think about those entities.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed during infancy.

Cognitive Advancement

The development and improvement in mental processes such as thinking, problem-solving, and decision-making.