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.
A: C:
B: D:
Interpret the results of the analysis summarized in the following table:
-Referring to Table 11-3,
A) at the 0.05 level of significance, the mean ratios for the 4 neighborhoods are not all the same.
B) at the 0.10 level of significance, the mean ratios for the 4 neighborhoods are not significantly different.
C) at the 0.01 level of significance, the mean ratios for the 4 neighborhoods are all the same.
D) at the 0.05 level of significance, the mean ratios for the 4 neighborhoods are not significantly different from 0.
Correct Answer:
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As part
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Q8: Why would you use the Tukey-Kramer procedure?
A)
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