Examlex

Solved

TABLE 11-3
a Realtor Wants to Compare the Average Sales-To-Appraisal \quad

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.
A: 1.2, 1.1, 0.9, 0.4 \quad C: 1.0, 1.5, 1.1, 1.3
B: 2.5, 2.1, 1.9, 1.6 \quad D: 0.8, 1.3, 1.1, 0.7
Interpret the results of the analysis summarized in the following table:
 Source  df  SS  MS  F  PR > F  Neighborhoods 3.18191.060610.760.001 Error 12 Total 4,3644\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 & & & &\\\text { Total }&& 4,3644 \end{array}

-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?


Definitions:

LLLP

A Limited Liability Limited Partnership (LLLP) is a form of partnership that provides limited liability to all its partners, not just the limited partners as in a traditional limited partnership.

Certificate of Existence

An official document issued by a government authority that confirms the legal status and existence of a corporation or other entity at a certain date.

Limited Partnership

A partnership structure where some partners contribute capital and enjoy profits without managing the business, hence have limited liability.

Sole General Partner

is an individual or entity that is the only general partner in a partnership, responsible for the management of the partnership and personally liable for its debts.

Related Questions