TABLE 10-17 a Realtor Wants to Compare the Mean Sales-To-Appraisal Ratios of Ratios

question 229

Multiple Choice

TABLE 10-17
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 Table 10-17, the numerator and denominator degrees of freedom for Levene's test for homogeneity of variances at a 5% level of significance are, respectively,

• A) 3, 12.
• B) 12, 3.
• C) 3, 15.
• D) 15, 3.

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Definitions:

Present Value of $1

The current worth of a single dollar to be received in the future, discounted at a specific interest rate.

Borrowed Asset

An asset that is temporarily acquired from another party under a loan agreement, to be returned after a specified period or upon fulfilling certain conditions.

Ordinary Annuity

A series of equal payments made at the end of consecutive periods over a fixed length of time.

Equal Payments

Regular payment amounts made or received over a period, typically in the context of loans, leases, or annuities, where each payment is of the same value.