A beach community on a barrier island has three real estate companies that list
ID: 3369261 • Letter: A
Question
A beach community on a barrier island has three real estate companies that list rental properties by location which are classified as? ocean-front, beach-block, or? mid-island. The following contingency table shows the number of properties listed by each company along with their location. What is the expected value for company B at? Beach-block?
Company
Location
A
B
C
?Ocean-front
16
?????????10
12
?Beach-block
10
29
10
?Mid-island
24
15
14
A.
18.9
B.
16.2
C.
15
D.
10.8
Company
Location
A
B
C
?Ocean-front
16
?????????10
12
?Beach-block
10
29
10
?Mid-island
24
15
14
Explanation / Answer
Expected value: (Sum fo row* Sum of Column) / Overall sum
Company B & Beach-block expected value: (49 * 54) /140= 2646/ 140= 18.9
A B C Total Ocean-Front 16 10 12 38 Beach-Block 10 29 10 49 Mid-island 24 15 14 53 Total 50 54 36 140Related Questions
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