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

question 209

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,what should be the decision for the Levene's test for homogeneity of variances at a 5% level of significance?

• A)Reject the null hypothesis because the p-value is smaller than the level of significance.
• B)Reject the null hypothesis because the p-value is larger than the level of significance.
• C)Do not reject the null hypothesis because the p-value is smaller than the level of significance.
• D)Do not reject the null hypothesis because the p-value is larger than the level of significance.

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Definitions:

Self-Esteem

An individual's overall subjective emotional evaluation of their own worth or personal value.

Narcissism

A personality trait involving excessive preoccupation with oneself, a need for admiration, and a lack of empathy for others.

Self-Efficacy

The assurance a person holds in their skill to enact behaviors aimed at realizing specific goals.

Reciprocal Determinism

A concept in social psychology proposing that individual behavior, personal factors, and environmental influences interact and influence each other.