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

question 21

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. With changing demographics,
The agency wondered if the current distribution matches the historical distribution.
Recent data showed the following: $$\begin{array} { l | c | c | c | c | c } \text { Type of Property } & \text { Condos } & \text { Townhouses } & \text { Homes } & \text { Commercial } & \text { Land } \\\hline \text { Frequency } & 89 & 121 & 78 & 25 & 12\end{array}$$ Which Chi-square test is most appropriate for this situation?

• A) Goodness of Fit
• B) Homogeneity
• C) Independence
• D) Proportional
• E) None of the above.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.