IAAO 311 Combined Exam Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS >> BRAND NEW VERSION!
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Course
IAAO 311
Institution
IAAO 311
IAAO 311 Combined Exam
Questions With Revised
Correct Detailed Answers
|ALREADY GRADED A+ PASS
>> BRAND NEW VERSION!
1) Which of the following can best be used to present visually the contents of a
frequency distribution?
A. Array
B. Bar Chart (histogram)
C. Scatter diag...
IAAO 311 Combined Exam
Questions With Revised
Correct Detailed Answers
|ALREADY GRADED A+ PASS
>> BRAND NEW VERSION!
1) Which of the following can best be used to present visually the contents of a
frequency distribution?
A. Array
B. Bar Chart (histogram)
C. Scatter diagram
D. Box Plot - ANSWER B. Bar chart (histogram)
2) The IAAO Standard on Ratio Studies calls for a price-related differential in what
range?
A. .95 to 1.05
B. .95 to 1.10
C. .98 to 1.03
D. 0 to .15 - ANSWER C. .98 to 1.03
3) Costs used in mass appraisal are typically:
A. Reproduction costs
,B. Replacement costs
C. Historical costs
D. Trended historical costs - ANSWER B. Replacement costs
4) Which of the following does NOT apply to the development of depreciation
tables?
A. Use only arm's-length sales
B. Exclude parcels with extreme land-to-building ratios
C. Include mixed-use parcels
D. Exclude parcels with additional buildings - ANSWER C. Include mixed-use
parcels
5) In the market calibration of cost models, market adjustments can be developed
using ratio studies by:
A. Construction class
B. Size
C. Age groups
D. All of the above - ANSWER D. All of the above
6) V = Bo + (B1 * X1) + (B2 * X2) + (B3 * X3).... is an example of a/an model
structure for the sales comparison approach.
A. Additive
B. Hybrid
C. Multiplicative
D. Adaptive Estimation - ANSWER A. Additive
,Consider the following regression statistics:
N=349
Adjusted R-square = .879
Standard Error of Estimate (SEE) = 9800
Average Sale price = $100,000
7) On a percentage basis, approximately two-thirds of the regression errors would
fall within what range:
A. -9.8% to +9.8%
B. -12.1% to +12.1%
C. -19.6% to +19.6%
D 0% to 12.1% - ANSWER A. -9.8% to +9.8%
8) In regression statistics, the most accurate measure of the percentage of
variation in sales prices explained by the model is the__________
A. R-square
B. Adjusted R-square
C. Standard Error of Estimate (SEE)
D. Coefficient of Variation - ANSWER B. Adjusted R-square
9) In regression statistics, the __________ is the ratio of a regression coefficient
to its standard error (the higher the ratio, the more significant the variable)
A. R-square
, B. Adjusted R-square
C. Standard Error of Estimate (SEE)
D. t-value - ANSWER D. t-value
10) In multiple regression analysis, __________ represents the difference
between actual and predicted sales prices.
A. Standard error of estimate
B. Coefficient of variation
C. Residuals
D. None of the above - ANSWER C. Residuals
11) Which of the following employs the Euclidean distance metric:
A. Automated comparable Sales
B. Location value response surface analysis
C. Adaptive estimation procedure
D. Multiplicative MRA - ANSWER A. Automated comparable Sales
12) During the office review of values, the reasonableness, consistency and
credibility of values can be gauged through:
A. Ratio Studies
B. Benchmark values
C. Average change in values
D. All of the above - ANSWER D. All of the above
13) Materials required for an effective field review of values include:
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