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

question 173

Multiple Choice

TABLE 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:
Source df SS MS F PR > F
Neighborhoods 3.1819 1.0606 10.76 0.001
Error 12
Total 4.3644
-Referring to Table 11-2, what should be the conclusion for the Levene's test for homogeneity of variances at a 5% level of significance?

• A) There is insufficient evidence that the variances are all the same.
• B) There is sufficient evidence that the variances are all the same.
• C) There is insufficient evidence that the variances are not all the same.
• D) There is sufficient evidence that the variances are not all the same.

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Definitions:

Transcendence

The act of rising above or going beyond the normal limits of a physical or abstract concept.

Yin

A principle in Chinese philosophy and medicine representing the negative, dark, and feminine forces in nature, complementary to yang.

Yang

In Chinese philosophy, yang represents the bright, active, and masculine aspects of energy or force, part of the yin-yang complementary pair.

Medicine Man

A traditional healer and spiritual leader in many indigenous cultures, known for using herbal remedies and rituals to treat ailments and offer guidance.