Consider the Table

question 44

Multiple Choice

Consider the table.Assume that the subject property has effective gross income of $53,000 and a NOI of $27,500.What value would a GIM approach yield (rounded to the nearest $100) ?

• A)$322,600
• B)$325,600
• C)$328,600
• D)$330,000

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Definitions:

Coefficient of Determination

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Correlation

A statistical measure that expresses the extent to which two variables change together, ranging from -1 to 1.

Pearson Correlation

A measure of the linear relationship between two variables, ranging from -1 to 1, where 1 means a perfect positive correlation and -1 means a perfect negative correlation.

Correlation Coefficient

A statistical measure that quantifies the degree of relationship or association between two variables.