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

question 46

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:

Hydraulic Theory

A theory suggesting that the development and maintenance of a civilization is closely linked to its ability to create and manage large-scale water control systems.

River Valleys

Geographical areas formed by the land surrounding a river, often characterized by fertile soil and significant for early human civilizations.

Hydraulic Theory

A theory that suggests the control and management of water resources played a crucial role in the development of early civilizations.

Occupation Site

A location where evidence of past human activity is found, indicating the presence of work, living, or ceremonial spaces.