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.

---

Definitions:

Empowers

Gives someone the authority or power to do something or makes them stronger and more confident.

Beneficial Change

A positive transformation that leads to improvement in a situation or condition.

Sharing the Results

The act of disseminating the findings from research or experiments to a broader audience or community for knowledge proliferation.

Interpretations

The act of explaining or understanding the meaning of something in a particular way.