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

question 17

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? $$\begin{array} { l | c | c | c | c | c } \text { Type of Property } & \text { Condos } & \text { Townhouses } & \text { Homes } & \text { Commercial } & \text { Land } \\\hline \text { Frequency } & 89 & 121 & 78 & 25 & 12\end{array}$$

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

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Definitions:

Fibula

An ancient brooch or pin, typically used in Greek and Roman dress as a fastener or decorative item.

Tinia

The chief god of the Etruscan pantheon, equivalent to the Roman Jupiter and Greek Zeus, known as the god of sky and thunder.

Etruscan God

A deity worshiped in the ancient Etruscan civilization, which flourished in what is now Italy before the Roman Empire.

Archaeologists

Scientists who study past human cultures through the examination of physical remains, artifacts, and structures.