TABLE 11-3
A realtor wants to compare the average 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.
Interpret the results of the analysis summarized in the following table:
A) 3.
B) 4.
C) 12.
D) 16.
Answer:
A
Diff: 1
-Referring to Table 11-3, 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

Question

TABLE 11-3
A realtor wants to compare the average 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.
  Interpret the results of the analysis summarized in the following table:
  A) 3.
B) 4.
C) 12.
D) 16.
Answer:
A
Diff: 1
-Referring to Table 11-3, 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

Quizplus · Accepted Answer

The p-value is a probability value and should be between 0 and 1. Among the given options, 0.86 is the only value that fits this criterion.

TABLE 11-3 a Realtor Wants to Compare the Average Sales-To-Appraisal Ratios of Ratios