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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