TABLE 11-3
a Realtor Wants to Compare the Average Sales-To-Appraisal $\quad 1.2,1.1,0.9,0.4 \quad\quad$

question 92

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.
A: $\quad 1.2,1.1,0.9,0.4 \quad\quad$ C: $\quad 1.0,1.5,1.1,1.3$
B: $\quad2.5,2.1,1.9,1.6 \quad\quad$ D: $\quad 0.8,1.3,1.1,0.7$
Interpret the results of the analysis summarized in the following table:
$\begin{array}{llllll}\text { Source } & \text { df } & \text { SS } & \text { MS } & \text { F } & \text { PR }>\text { F } \\\hline \text { Neighborhoods } & & 3.1819 & & & \\& 1.0606 & 10.76 & 0.001 & & \\\text { Error } & 12 & & & & \\\hline \text { Total } & & 4.3644 & & & \\\hline\end{array}$

-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 0.10 level of significance, the mean ratios for the 4 neighborhoods are not significantly different.
• C) at the 0.01 level of significance, the mean ratios for the 4 neighborhoods are all the same.
• 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:

Recognition Differences

Discrepancies that occur when financial transactions are recognized at different times or amounts in financial statements.

Financial Reporting

Financial reporting involves the disclosure of financial information to the various stakeholders about the financial performance and position of an organization over a specific period.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for global use.

U.S. GAAP

Generally Accepted Accounting Principles in the United States, which are a set of accounting standards used for financial reporting.