Instruction 11-3
A realtor wants to compare the average sales-to-appraisal ratios of residential properties sold in four neighbourhoods (A,B,C,and D) .Four properties are randomly selected from each neighbourhood 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 summarised in the following table:
-Referring to Instruction 11-3,
A) at the 0.05 level of significance,the mean ratios for the 4 neighbourhoods are not all the same.
B) at the 0.01 level of significance,the mean ratios for the 4 neighbourhoods are all the same.
C) at the 0.05 level of significance,the mean ratios for the 4 neighbourhoods are not significantly different from 0.
D) at the 0.10 level of significance,the mean ratios for the 4 neighbourhoods are not significantly different.
Correct Answer:
Verified
Q31: Instruction 11-6
As part of an evaluation
Q32: Instruction 11-6
As part of an evaluation
Q33: Instruction 11-6
As part of an evaluation
Q34: Instruction 11-6
As part of an evaluation
Q35: Instruction 11-3
A realtor wants to compare
Q37: Instruction 11-6
As part of an evaluation
Q38: Instruction 11-6
As part of an evaluation
Q39: Instruction 11-3
A realtor wants to compare
Q40: Instruction 11-3
A realtor wants to compare
Q41: Instruction 11-6
As part of an evaluation
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