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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 p-value of the test statistic for Levene's test for homogeneity of
Variances is
Output
The amount of something produced by a person, machine, or industry.
Unemployment
Unemployment refers to the situation in which individuals who are capable of working and willing to work at prevailing wage rates cannot find employment.
Sacrifice Ratio
An economic term that quantifies the effect of decreasing inflation on an economy, typically measured as the percentage loss in output per one percentage point decrease in inflation.
Housing and Financial Crisis
A period characterized by declining home prices, foreclosures, and a loss of value in financial instruments, leading to widespread economic instability.
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