SCENARIO 10-2
a Realtor Wants to Compare the Mean Sales-To-Appraisal $\mathrm{A}: 1.2,1.1,0.9,0.4$

question 195

Multiple Choice

SCENARIO 10-2
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. $\mathrm{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 \mathrm{D}: 0.8,1.3,1.1,0.7$
Interpret the results of the analysis summarized in the following table:
$\begin{array}{lcclcc}\hline \text { Source } & \text { df } & \text { SS } & \text { MS } & \text { F } & \text { PR }>\text { F } \\\hline \text { Neighborhoods } & & 3.1819 & 1.0606 & 10.76 & 0.001 \\\text { Error } & 12 & & & & \\\text { Total } & & 4.3644 & & &\end{array}$
-Referring to SCENARIO 10-2, the within group sum of squares is

• A)1.0606
• B)1.1825
• C)3.1819
• D)4.3644

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Definitions:

Middle Managers

Middle managers are individuals who manage the work of first-level managers and report to the organization's top management, often playing a critical role in executing the company's strategic plans.

Organizing

The method of organizing tasks and resources to accomplish goals in an efficient and effective manner within an organization.

Planning

The process of developing strategies and making decisions about what will be done in the future to achieve specific goals.

Upside-down Pyramid

A management model that inverts the traditional hierarchical pyramid, placing customers at the top and the CEO at the bottom, to emphasize service and direct management accountability.