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

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products. 

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.