First National Bank employs three real estate appraisers whose job is to establish a property's market value before the bank offers amortgage to a prospective buyer. It is imperative that each appraiser values a property with no blas. Suppose First National Bankwishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers tovalue (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The accompanying table shows the results. Assumethat values are normally distributed. (You may find it useful to reference the g table.)Appraiser 1Appraiser 2Appraiser 3434539379Capecolonial420414530393547Ranch398picture Click here for the Excel Data Filea-1. Construct an ANOVA table. (Leave no cells blank. Round "SS" and "MS" to 2 decimal places, and "P and "p-value" to 3 decimalplaces.)ANOVASource of VariationSSdfMSpvalueRowsColumnsErrorTotal0.00a-2. At the 5% significance level, can you conclude that the average values differ by appraiser?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.a-3. Should the bank be concerned with appraiser inconsistencies?O YesO Nob. At the 5% significance level, can you conclude that the average values differ by house type?O Yes. since the p-value associated with house type is less than significance level.O No. since the p-value associated with house type is greater than significance level.O No. since the p-value associated with house type is less than significance level.O Yes. since the p-value associated with house type is greater than significance level.

Consider the appraisers as Columns and House type as rows. We need to test the difference by…

Answered: a-2. At the 5% significance level, can…

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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help
please help me find the test statistic and p-value!

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