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

question 56

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, the value of the test statistic for Levene's test for homogeneity of variances is

• A) 0.25
• B) 0.37
• C) 4.36
• D) 10.76

---

Definitions:

Fed

Short for the Federal Reserve System, which is the central banking system of the United States responsible for setting monetary policy.

Federal Reserve

The central banking system of the United States, which regulates the U.S. monetary and financial system.

Clearing of Checks

The process by which banks exchange checks or drafts drawn on each other and settle the differences to facilitate the actual transaction the check represents.

Currency in Circulation

Refers to the physical money, including coins and paper money, that is actively used and exchanged in an economy.