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A Realtor Has Been Told That 47% of Homeowners in a City

question 49

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A realtor has been told that 47% of homeowners in a city prefer to have a finished basement.She surveys a group of 400 homeowners randomly chosen from her client list.Describe the sampling distribution model of the proportion of homeowners in this sample who prefer a finished basement.


Definitions:

Written Exam

A formal test conducted by asking questions on paper or digitally to assess a candidate's knowledge or proficiency in a particular subject or skill.

Psychometricians

Scientists who specialize in the theory and technique of psychological measurement, including the development and refinement of tests and measurements of personality, abilities, and attitudes.

Spearman's Rank

A nonparametric measure of rank correlation, assessing the strength and direction of association between two ranked variables.

Standardized College Entrance Exam

A test administered to prospective college students, designed to assess their readiness for college-level work and often used in admissions decisions.

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