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

question 37

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: $$\begin{array} { l | c | c | c | c | c } \text { Type of Property } & \text { Condos } & \text { Townhouses } & \text { Homes } & \text { Commercial } & \text { Land } \\\hline \text { Frequency } & 89 & 121 & 78 & 25 & 12\end{array}$$ The value of the Chi-square test statistic is

• A) χ 2 = 5.993
• B) χ 2 = 62.538
• C) χ 2 = 101.482
• D) χ 2 = 77.431
• E) χ 2 = 8.101

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Definitions:

Social Inequality

The condition of having inequitable opportunities and benefits for various social roles or standings in a group or society.

Status

A social or professional position, condition, or standing relative to others.

Sociological Insight

The ability to understand human behavior and societal structures through a sociological perspective, emphasizing the context and patterns that influence social interactions.

Successful

Achieving a desired goal or outcome, often marked by favorable or prosperous circumstances.