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?

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