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

question 30

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, what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?

• A) There is not sufficient evidence that the variances are all the same.
• B) There is sufficient evidence that the variances are all the same.
• C) There is not sufficient evidence that the variances are not all the same.
• D) There is sufficient evidence that the variances are not all the same.

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Definitions:

Employee Selection Process

A systematic approach used by employers to review applications, assess candidates, and hire the most suitable individual for a job.

Appraisal Process

The methodical evaluation of a piece of property's value, an employee's performance, or the quality of an asset or project.