SCENARIO 11-2 a Realtor Wants to Compare the Mean Sales-To-Appraisal Ratios of Ratios

question 38

Multiple Choice

SCENARIO 11-2
A realtor wants to compare the mean 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 Scenario 11-2,the critical value of Levene's test for homogeneity of variances at a 5% level of significance is

• A)0.64
• B)2.48
• C)3.29
• D)3.49

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Definitions:

Product X

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The theoretical concept of a consumer who always makes decisions that provide the greatest benefit or utility according to their preferences.

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A state of balance in a system where competing forces or influences are equal; in economics, it's where supply equals demand.

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