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.With changing demographics, the agency
Wondered if the current distribution matches the historical distribution.Recent data
Showed the following: Based on the historical distribution, we would expect how many homes to be purchased?
A)121
B)122.54
C)130
D)129.95
E)100

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.With changing demographics, the agency
Wondered if the current distribution matches the historical distribution.Recent data
Showed the following:  Based on the historical distribution, we would expect how many homes to be purchased?
A)121 
B)122.54 
C)130 
D)129.95 
E)100

Quizplus · Accepted Answer

The Answer of 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.With changing demographics, the agency
Wondered if the current distribution matches the historical distribution.Recent data
Showed the following:  Based on the historical distribution, we would expect how many homes to be purchased?
A)121 
B)122.54 
C)130 
D)129.95 
E)100

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