TABLE 11-3 a Realtor Wants to Compare the Average Sales-To-Appraisal Ratios of Ratios

question 53

Multiple Choice

TABLE 11-3
A realtor wants to compare the average sales-to-appraisal ratios of residential properties sold in four neighborhoods (A, B, C, and D) . Four properties are randomly selected from each neighborhood and the ratios recorded for each, as shown below.
Interpret the results of the analysis summarized in the following table:
A) 3.
B) 4.
C) 12.
D) 16.
Answer:
A
Diff: 1
-Referring to Table 11-3,

• A) at the 0.05 level of significance, the mean ratios for the 4 neighborhoods are not all the same.
• B) at the 0.01 level of significance, the mean ratios for the 4 neighborhoods are all the same.
• C) at the 0.10 level of significance, the mean ratios for the 4 neighborhoods are not significantly different.
• D) at the 0.05 level of significance, the mean ratios for the 4 neighborhoods are not significantly different from 0.

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Definitions:

Binocular Cues

Visual information taken in by two eyes that enable a person to gain a sense of depth and perception of the spatial relationships among objects in the environment.

Monocular Cues

Visual information that allows for perception of depth and distance using one eye only.

Depth Perception

The visual ability to perceive the world in three dimensions and to understand spatial relationships.

Presbyopia

A natural age-related condition where the eye's lens loses its ability to focus properly, making it difficult to see objects up close.