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

question 41

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 value of the test statistic for Levene's test for homogeneity of variances is

• A)0.25
• B)0.37
• C)4.36
• D)10.76

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Definitions:

Sales Plan Implementation

The process of putting a strategic sales plan into action to achieve specific business goals and objectives.

Repeat Sales

Subsequent purchases made by customers who return to buy the same product or service after their initial purchase.

Follow-up

The process of maintaining contact with customers or clients after a transaction to ensure satisfaction or to continue the relationship.

New Customer

An individual or entity that purchases products or services from a business for the first time.