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A real estate agent wants to compare the average sales-to-appraisal ratios of residential properties sold in four neighborhoods (A, B, C, and D) located at
A real estate agent wants to compare the average sales-to-appraisal ratios of residential properties sold in four neighborhoods (A, B, C, and D) located at Petaling District. Four properties are randomly selected from each neighborhood and the ratios recorded for each, as shown below.
A: 1.2, 1.1, 0.9, 0.4
B: 2.5, 2.1, 1.9, 1.6
C: 1.0, 1.5, 1.1, 1.3
D: 0.8, 1.3, 1.1, 0.7
The real agent has used ANOVA to analyze the ratios. The results are shown below: Interpret the results of the analysis summarized in the following table:
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