IAAO 311 ACTUAL FINAL EXAM VERSION 2 |COMPLETE AND
GRADED QUESTIONS AND ANSWERS 2026 LATEST UPDATED | 100%
GRADED CORRECT | 100% GUARANTEED TO PASS | GET A+
Scalar values are best centered on 1.00 in:
A. Additive models
B. Multiplicative models
C. Hybrid models
D. All of the above - (ANSWER)B. Multiplicative models
Which of the following statistical techniques would be most appropriate for grouping similar
subdivisions for modeling purposes?
A. Multiple regression analysis
B. Location Value Response Surface Analysis
C. Adaptive estimation procedure
D. Cluster analysis - (ANSWER)D. Cluster Analysis
Assume that the average age of homes in a neighborhood is 25 years and that the standard
deviation is 3 years. Assuming the data are normally distributed, approximately 95% of the
homes will fall in what age bracket?
,A. 22-26
B. 22-28
C. 19-31
D. 16-34 - (ANSWER)C. 19-31
A scatter diagram shows that there is a loose negative correlation between sale price and distance
to the central business district. Which of the following correlation coefficients would be
consistent with the scatter diagram?
A. Zero
B. -2.00
C. -.20
D. .50 - (ANSWER)C. -.20
Which of the following best defines the coefficient of dispersion (COD)?
A. Average deviation from the chosen measure of central tendancy
B. Standard deviation of the ratios expressed as a percentage of the mean
C. The range which contains 50 percent of the ratios.
D. Average percentage deviation from the median - (ANSWER)D. Average percentage
deviation from the median.
,The IAAO standards for the COD for older, heterogeneous residential property is:
A. 5.0 or less
B. 10.0 or less
C. 15.0 or less
D. 20.0 or less - (ANSWER)C. 15.0 or less
Assessors need skills in single property appraisal to:
A. Develop valuation models
B. Test values
C. Defend values
D. All of the above - (ANSWER)C. Defend values
In a statistical test, the statement or conclusion that is accepted in the absence of sufficient
evidence to the contrary is known as the:
A. First hypothesis
B. Alternative hypothesis
C. Confidence level
D. Null hypothesis - (ANSWER)D. Null hypothesis
, Consider the following ratios: .89, .96, 1.08, 1.14, and 1.20. What is the coefficient of variation
(COV)?
A. 10.6
B. 11.4
C. 12.1
D. 13.3 - (ANSWER)C. 12.1
In the cost approach model, construction costs represent the __________side of the market and
depreciation represents the _________side of the market.
A. demand - supply
B. supply - demand
C. supply - supply
D. demand - demand - (ANSWER)B. supply - demand
The cost approach is closely related to a/an:
A. Additive model structure
B. Multiplicative model structure
C. Hybrid model structure
GRADED QUESTIONS AND ANSWERS 2026 LATEST UPDATED | 100%
GRADED CORRECT | 100% GUARANTEED TO PASS | GET A+
Scalar values are best centered on 1.00 in:
A. Additive models
B. Multiplicative models
C. Hybrid models
D. All of the above - (ANSWER)B. Multiplicative models
Which of the following statistical techniques would be most appropriate for grouping similar
subdivisions for modeling purposes?
A. Multiple regression analysis
B. Location Value Response Surface Analysis
C. Adaptive estimation procedure
D. Cluster analysis - (ANSWER)D. Cluster Analysis
Assume that the average age of homes in a neighborhood is 25 years and that the standard
deviation is 3 years. Assuming the data are normally distributed, approximately 95% of the
homes will fall in what age bracket?
,A. 22-26
B. 22-28
C. 19-31
D. 16-34 - (ANSWER)C. 19-31
A scatter diagram shows that there is a loose negative correlation between sale price and distance
to the central business district. Which of the following correlation coefficients would be
consistent with the scatter diagram?
A. Zero
B. -2.00
C. -.20
D. .50 - (ANSWER)C. -.20
Which of the following best defines the coefficient of dispersion (COD)?
A. Average deviation from the chosen measure of central tendancy
B. Standard deviation of the ratios expressed as a percentage of the mean
C. The range which contains 50 percent of the ratios.
D. Average percentage deviation from the median - (ANSWER)D. Average percentage
deviation from the median.
,The IAAO standards for the COD for older, heterogeneous residential property is:
A. 5.0 or less
B. 10.0 or less
C. 15.0 or less
D. 20.0 or less - (ANSWER)C. 15.0 or less
Assessors need skills in single property appraisal to:
A. Develop valuation models
B. Test values
C. Defend values
D. All of the above - (ANSWER)C. Defend values
In a statistical test, the statement or conclusion that is accepted in the absence of sufficient
evidence to the contrary is known as the:
A. First hypothesis
B. Alternative hypothesis
C. Confidence level
D. Null hypothesis - (ANSWER)D. Null hypothesis
, Consider the following ratios: .89, .96, 1.08, 1.14, and 1.20. What is the coefficient of variation
(COV)?
A. 10.6
B. 11.4
C. 12.1
D. 13.3 - (ANSWER)C. 12.1
In the cost approach model, construction costs represent the __________side of the market and
depreciation represents the _________side of the market.
A. demand - supply
B. supply - demand
C. supply - supply
D. demand - demand - (ANSWER)B. supply - demand
The cost approach is closely related to a/an:
A. Additive model structure
B. Multiplicative model structure
C. Hybrid model structure
