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

question 40

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,the p-value of the test statistic for Levene's test for homogeneity of variances is

• A)0.25
• B)0.64
• C)0.86
• D)3.49

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Definitions:

Grouped Bar Graphs

A graphical representation used in statistics, where multiple bar graphs are placed side by side for comparison across different categories or groups.

Compare Aspects

To examine the similarities or differences between two or more elements or facets.

Identify Exact Values

The process of determining precise numerical amounts or specific facts.

Tables

Organized structures in documents or databases that display data or information in rows and columns for clarity and comparison.