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

Question

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

Quizplus · Accepted Answer

The standardized residual for condos is the largest in absolute value, indicating that the difference between the observed and expected frequencies for condos is the most extreme.

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