Which two advantages do renters have that home buyers don’t have?

Business

2 answers:

bazaltina [42]3 years ago

7 0

<span>C) Renters don’t have to pay for major repairs to the property.</span>

olga55 [171]3 years ago

7 0

Answer:

<h2>B) Renters are not affected by changing property prices, C) Renters can have the property renovated at the landlord's expense.</h2>

Explanation:

Buying a home is lifelong goal for many Americans. Home ownership wasn't always high in US , earlier people either had to build their own homes or rent home from someone else. Both renting and buying have advantages and disadvantages. In renting there is no maintenance costs or repair bills.

A person can get all the facilities and luxuries with just a fraction of money that is needed to buy a home. One can easily shift from one place to other as per their desires. Tenants also do not need to pay real estate taxes, these taxes are burden for home owners. They also don't need to worry about the changing property prices as their rent is fixed. It only increases after fixed period.

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Find the χ2 statistic
Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size

χ2 = 7.104439336,
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