Question

MC Qu. 45 A real estate company is analyzing the... A real estate company is analyzing...

MC Qu. 45 A real estate company is analyzing the... A real estate company is analyzing the selling prices of residential homes in a given community. 140 homes that have been sold in the past month are randomly selected and their selling prices recorded. The statistician working on the project has stated that in order to perform various statistical tests, the data must be distributed according to a normal distribution. In order to determine whether the selling prices of homes included in the random sample are normally distributed, the statistician divides the data into 6 classes of equal size and records the number of observations in each class. She then performs a chi-square goodness-of-fit test for normal distribution. The results are summarized in the table.

Complete the five step hypothesis Chi Square Goodness of fit test at level of significance 0.05.

Observed

10
23
37
40
27
3

Expected
4.2
19.026
47.782
47.782
19.026
3.192

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
In finance, we need to determine if the returns on real estate has no influence on...
In finance, we need to determine if the returns on real estate has no influence on the returns from gold.  An appropriate test would be A. a matched sample t test B. a chi-squared test of goodness of fit C. F test of difference of variances D. chi-square test of independence of two variables
The North Valley Real Estate data 2015 reports information on homes on the market. Let selling...
The North Valley Real Estate data 2015 reports information on homes on the market. Let selling price be the dependent variable and size of the home the independent variable. Determine the regression equation. Estimate the selling price for a home with an area of 2,200 square feet. Determine the 95% confidence interval for all 2,200 square foot homes and the 95% prediction interval for the selling price of a home with 2,200 square feet. Let days-on-the-market be the dependent variable...
Suppose you have been hired as a consultant by a local real estate company in central...
Suppose you have been hired as a consultant by a local real estate company in central New Jersey. Your market research of real estate investments reveals the following sales figures for new homes of different prices over the past year. Price (Thousands of $) $150 - $169 $170 - $189 $190 - $209 $210 - $229 $230 - $249 $250 - $269 $270 - $289 Sales of New Homes This Year 126 103 82 75 82 40 20 If we...
1. Refer to the Baseball 2012 data, which report information on the 30 Major League Baseball...
1. Refer to the Baseball 2012 data, which report information on the 30 Major League Baseball teams for the 2012 season. Set up a variable that divides the teams into two groups, those that had a winning season and those that did not. There are 162 games in the season, so define a winning season as having won 81 or more games. Next, find the median team salary and divide the teams into two salary groups. Let the 15 teams...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate...
Florida Now Real Estate (45 pts) Tanya Pierce, President and owner of Florida Now Real Estate is seeking your assistance in designing a database for her business. One of her employees has experience in developing and implementing Access-based systems, but has no experience in conceptual or logical data modeling. So, at this point Tanya only wants you to develop a conceptual data model for her system. You are to use our entity-data diagramming notation - Crows foot symbols. Tanya has...
Part 1 An important problem in real estate is determining how to price homes to be...
Part 1 An important problem in real estate is determining how to price homes to be sold. There are so many factors—size, age, and style of the home; number of bedrooms and bathrooms; size of the lot; and so on—which makes setting a price a challenging task. In this project, we will try to help realtors in this task by determining how different characteristics of homes relate to home prices, identifying the key variables in pricing, and building multiple-variable regression...
1)A real estate agent is interested in determining factors that affect the mean selling price of...
1)A real estate agent is interested in determining factors that affect the mean selling price of a home. One factor she is considering is known as "lot configuration," which determines the position of the house within the neighborhood that it is built. The possible lot configurations are (don't worry about their precise definitions):        Inside:        Inside lot        Corner:       Corner lot        CulDSac     Cul-de-sac        FR2:           Frontage on 2 sides of property        FR3:           Frontage on 3 sides of property Suppose that she were to perform an ANOVA to examine...
6. When analyzing survey results from a two way table, the main distinction between a test...
6. When analyzing survey results from a two way table, the main distinction between a test of independence and a test for homogeneity is: A. How the degrees of freedom are calculated B. how the expected counts are calculated C. the number of samples obtained D. the number of rows in the two way table E. the number of columns in the two way table. 7. A controversial issue in the sport of professional soccer is the use of instant...
6. (07.04 MC) Students at a local elementary school were randomly selected to participate in a...
6. (07.04 MC) Students at a local elementary school were randomly selected to participate in a reading fluency program. The program is designed to increase their reading fluency. A total of 17 students each took a pretest before the program and posttest after the program. The mean differences in the posttest and pretest is 11. The administration decided that all students in the school would participate in the program next school year. Let µA denote the mean score of the...
Ninety five cities provided information on vacancy rates (in percent) in local apartments in the following...
Ninety five cities provided information on vacancy rates (in percent) in local apartments in the following frequency distribution. The sample mean and the sample standard deviation are 10% and 4.0%, respectively. (You may find it useful to reference the appropriate table: chi-square table or F table) Vacancy Rate   Frequency Less than 6      11      6 up to 9      24      9 up to 12      38      12 or more      22      a. Apply the goodness-of-fit test...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT