IAAO 300 Quiz 1 Questions with complete solutions | Latest 2023/2024
__________________ are exercises in applied economic analysis and require the
use of logical, systematic methods for the collecting , analyzing and processing of
data to produce supportive, well documented value estimates. - Bo...
IAAO 300 Quiz 1 Questions with complete solutions __________________ are exercises in applied economic analysis and require the use of logical, systematic methods for the collecting , analyzing and processing of data to produce supportive, well documented value estimates. - Both single -property and mass appraisal A basic model structure for the cost approach would be: - MV=LV + (RCN -D) Real estate prices are a function of supply and demand factors operating simultaneously within a market. The ___________ factors relate to availability, _________ factors include su ch things as condition, size and location. - supply demand Which element is not a property characteristic data: - Income and expense data A __________________ plays a key role in summarizing the achievements of a new system or reappraisal and in preparin g for the next reappraisal. - Sales ratio study Model development has what components? - Specification Calibration Quality assurance All of the above Five appraisers are available to field canvas 4800 parcels. Each appraiser can work 15 parcels per day, on average. How many days will it take to complete the field canvas? - 64 _________________ data can take any value in a given range and is often based on measurements. ________ data is qualitative items that have three or more predefined values. _______ _______ data is qualitative items that have only two possibilities, for example yes or no. - Continuous Discrete Binary A ___________ data edit produces a warning to the operator indicating the entry may be invalid. A ________ data edit precludes the oper ator from making certain entries. - Soft hard What is the third quartile of the garage size data? - K=(p)(n)+p 459
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