Examlex

Solved

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

question 204

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, the critical value of Levene's test for homogeneity of variances at a 5% level of significance is


Definitions:

Emergent Strategies

Emergent strategies develop over time as managers learn from and respond to experience.

Managerial Learning Curve

The process by which managers gain experiential knowledge that improves their decision-making, efficiency, and effectiveness over time.

Unrelated Diversification

A business strategy where a company expands into industries or markets that are not related to its existing business activities.

Acquiring New Businesses

The process by which a company purchases or takes over other businesses to expand its operations, market reach, or product offerings.

Related Questions