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

question 132

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 among group degrees of freedom is

• A)3
• B)4
• C)12
• D)16

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Definitions:

Ending Inventory

The cumulative worth of merchandise ready for sale when an accounting period concludes.

Direct Materials

Raw materials that can be directly attributed to the production of goods, forming an essential component of finished products.

Budgeted Sales

An estimate of the sales revenue a company expects to achieve for a certain period, often used for planning and control purposes.

Beginning Inventory

The value of all the inventory that a company has at the start of an accounting period, before any purchases or sales have been made.