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

question 139

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

• A) 0.64
• B) 2.48
• C) 3.29
• D) 3.49

Distinguish between connotative and denotative meanings of words.

Identify and avoid ethnically and racially biased language.

Apply strategies to maintain and protect goodwill in communication.

Recognize and correct organizational errors in documents.

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Definitions:

Mean

A measure of central tendency in statistics, calculated by dividing the sum of all values in a set by the number of values.

Risk-Free Asset

An investment that is expected to return its original investment value without any loss, typically with low returns.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of numeric values.

Risky Asset

A financial instrument that has a significant degree of risk associated with it, potentially leading to loss or gain.