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First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table. (You may find it useful to reference the g table.) Appraiser 1 House Tурe 2 422 415 Сape Colonial 432 540 532 549 Ranch 386 402 381 Click here for the Excel Data File a-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4 decimal places and "P' to 3 decimal places.) ANOVA Source of Variation df MS F p-value Rows Columns Error Total 0.0000 a-2. At the 5% significance level, can you conclude that the average values differ by appraiser? No , since the p-value associated with appraiser is less than significance level. O Yes , since the p-value associated with appraiser is greater than significance level. Yes , since the p-value associated with appraiser is less than significance level. O No . since the p-value associated with appraiser is greater than significance level. %3D

First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table. (You may find it useful to reference the g table.) Appraiser 1 House Tурe 2 422 415 Сape Colonial 432 540 532 549 Ranch 386 402 381 Click here for the Excel Data File a-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4 decimal places and "P' to 3 decimal places.) ANOVA Source of Variation df MS F p-value Rows Columns Error Total 0.0000 a-2. At the 5% significance level, can you conclude that the average values differ by appraiser? No , since the p-value associated with appraiser is less than significance level. O Yes , since the p-value associated with appraiser is greater than significance level. Yes , since the p-value associated with appraiser is less than significance level. O No . since the p-value associated with appraiser is greater than significance level. %3D

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table. (You may find it useful to reference the g table.) Appraiser House Type 1 2 3 422 532 415 432 Саре Colonial 549 540 Ranch 386 402 381 Click here for the Excel Data File a-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4 decimal places and "F' to 3 decimal places.) ANOVA Source of Variation df MS F p-value Rows Columns Error Total 0.0000 a-2. At the 5% significance level, can you conclude that the average values differ by appraiser? O No , since the p-value associated with appraiser is less than significance level. O Yes , since the p-value associated with appraiser is greater than significance level. O Yes , since the p-value associated with appraiser is less than significance level. O No , since the p-value associated with appraiser is greater than significance level.
Transcribed Image Text:First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. Suppose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying table. (You may find it useful to reference the g table.) Appraiser House Type 1 2 3 422 532 415 432 Саре Colonial 549 540 Ranch 386 402 381 Click here for the Excel Data File a-1. Construct an ANOVA table. (Round intermediate calculations to at least 4 decimal places. Round "SS", "MS", "p-value" to 4 decimal places and "F' to 3 decimal places.) ANOVA Source of Variation df MS F p-value Rows Columns Error Total 0.0000 a-2. At the 5% significance level, can you conclude that the average values differ by appraiser? O No , since the p-value associated with appraiser is less than significance level. O Yes , since the p-value associated with appraiser is greater than significance level. O Yes , since the p-value associated with appraiser is less than significance level. O No , since the p-value associated with appraiser is greater than significance level.
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