A property manager is interested in exploring the relationship between the same price of a residential property and the appraised land value, home value and size value. The appraiser selects a random sample of 40 properties sold in a particular year.
What can be said about the relationship between the price and the value predictors at a 5% level of significance?
df SS MS FSTAT
Among Values ? 20274470.12 ?? ??
With Values 37 ?? 5707.31
Total ?? ??
1) What is the hypothesis scenario?
2) What are the degrees of freedom for Among Values?
3) What is the SST?
4) What is the MSA?
5) What is the FSTAT?
6) What is the conclusion? Is there evidence of a mean difference in values of appraisal predicators?