Statistics, Valuation Models & Finance for Real Estate Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. Peyton has a coin that she claims is lucky, meaning it will land on heads more often than a regular coin does (50% of the time). Which of these could be the alternative hypothesis to test this claim?

Question 2 2. Which of these statements are reasons why determining the sample size is important for a data collector?

Question 3 3. In everyday language what is the term associated with the statistical analysis method of mean?

Question 4 4. The regression line has an equation of y = 10 + -2x with a correlation coefficient of -1. Which of the following is true about this regression line?

Question 5 5. On the last exam, the class mean (average) was 72%. The score for 90% of the class was within 10 points of the mean. What does '10 points of the mean' measure?

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Question 6 6. What is information that is collected for analysis?

Question 7 7. What is data that is grouped in evenly distributed values and measured based on the group to which the variable is attributed?

Question 8 8. The numbers on lacrosse jerseys are an example of _____ data.

Question 9 9. What is a mathematical comparison between two numbers?

Question 10 10. A coach records the levels of ability in martial arts of various kids. What type of data is this?

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Question 11 11. How do descriptive and inferential statistics differ?

Question 12 12. In statistics, a sample:

Question 13 13. What are two examples of inferential statistics?

Question 14 14. Which two are examples of descriptive statistics?

Question 15 15. What is statistical estimation?

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Question 16 16.

What is the minimum in the data set?

105, 88, 93, 102, 97, 93, 96, 86, 88, 82, 79, 85, 77, 94, 91, 87

Question 17 17. What is the largest mathematical value in a data set?

Question 18 18. What is the smallest mathematical value in a data set?

Question 19 19.

Find the maximum in the data set:

27, 26, 33, 45, 38, 38, 58, 54, 19, 22, 31

Question 20 20. What is a value that is much larger or smaller than the other values in a data set, or a value that lies outside the given data set?

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Question 21 21. During the first four Summer Olympic games attended by the United States, these medal counts were awarded. Calculate the range number of medals won during these Olympic Games.

Question 22 22. During the first four Summer Olympic games attended by the United States, these medal counts were awarded. Calculate the median number of medals won during these Olympic Games.

Question 23 23. During the first four Summer Olympic games attended by the United States, these medal counts were awarded. Calculate the mean number of medals won during these Olympic Games. (Round it to the nearest whole number.)

Question 24 24. During the first four Summer Olympic games attended by the United States, these medal counts were awarded. Calculate the mode number of medals won during these Olympic Games.

Question 25 25. During the first four Summer Olympic games attended by the United States, these medal counts were awarded. If there is an outlier, identify it from the number of medals won during these Olympic Games.

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Question 26 26. Mass appraisals are not as _____ as traditional residential appraisals.

Question 27 27. What does AVM stand for?

Question 28 28. Before computers, how did appraisers assign values to different aspects of a property?

Question 29 29. What is the first step in conducting a mass appraisal using the AVM method?

Question 30 30. What are mass appraisals generally used for?

Statistics, Valuation Models & Finance for Real Estate Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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