A Local Real Estate Appraiser Analyzed the Sales Prices of Homes

question 56

Multiple Choice

A local real estate appraiser analyzed the sales prices of homes in 2 neighborhoods to the corresponding appraised values of the homes. The goal of the analysis was to compare the distribution of sale-to-appraised ratios from homes in the 2 neighborhoods. Random and independent samples were selected from the 2 neighborhoods from last year's homes sales, 8 from each of the 2 neighborhoods. Identify the nonparametric method that would be used to analyze the data.

• A) the Wilcoxon Signed-Ranks Test, using the test statistic W
• B) the Wilcoxon Rank Sum Test, using the test statistic Z
• C) the Wilcoxon Signed-Ranks Test, using the test statistic Z
• D) the Wilcoxon Rank Sum Test, using the test statistic T₁

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