A Property Has an Assessed Value of 80% of Its

question 19

Multiple Choice

A property has an assessed value of 80% of its fair market value. If you were writing an Excel formula to calculate the assessed value of the property, what value would be used to multiply by the fair market value?

• A) 8
• B) 80
• C) 0.8
• D) 0.08

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Definitions:

Correct Formula

The precise and accurate equation or expression used to calculate or solve a particular mathematical or analytical problem.

Greek Symbol Chi

A symbol (χ) used in statistics to represent variables, coefficients, and as the chi-square (χ²) test for independence and goodness of fit.

Parametric Statistics

Statistics used for the inference from a sample to a population that assume the variances of each group are similar and that the sample is large enough to represent the population. See Nonparametric statistics.

Sample Assumption

Premises or conditions assumed to be true about the sample in statistical modeling and testing.