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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 C: 1.0, 1.5, 1.1, 1.3
B: 2.5, 2.1, 1.9, 1.6 D: 0.8, 1.3, 1.1, 0.7
Interpret the results of the analysis summarized in the following table:
-Referring to Table 11-3, the value of the test statistic for Levene's test for homogeneity of variances is
Binding Arbitration Clause
A contractual agreement to submit disputes to an impartial third party for a decision that is final and enforceable, often used in labor agreements.
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Elected union representatives in the workplace tasked with safeguarding the rights of the workers and acting as a liaison between the workforce and the management.
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