Module 16 Quiz Flashcards
You are asked to appraise a single-story dome home with a radius of 31.5 feet. What is the area of the home?
A) 3,116 sq. ft.
B) 9,891 sq. ft.
C) 99 sq. ft.
D) 3,082 sq. ft
A) 3,116 sq. ft.
3.14 x (31.5 x 31.5).
Which of the following measures is not a measure of central tendency?
A) median
B) average
C) standard deviation
D) mode
C) standard deviation
Suppose you had the following sample of selling prices of condominiums. Which of the following would not be a measure of an average selling price?
$155,000, $150,000, $148,000, $155,000, $152,000
A) mean
B) mode
C) range
D) median
C) range
An appraiser’s rental survey reveals monthly rent per square feet of seven similar properties as shown below. $1.50 $1.40 $1.65 $1.55 $1.50 $1.45 $1.60
What is the mode rent per square feet based on the survey? A) $1.52 per sq. ft. B) $1.50 per sq. ft. C) $1.55 per sq. ft. D) $1.45 per sq. ft.
B) $1.50 per sq. ft.
An appraiser’s rental survey reveals monthly rent per square feet of seven similar properties as shown below. $1.50 $1.40 $1.65 $1.55 $1.50 $1.45 $1.60 What is the median rent per square feet based on the survey?
A) $1.52 per sq. ft.
B) $1.55 per sq. ft.
C) $1.50 per sq. ft.
D) $1.45 per sq. ft.
C) $1.50 per sq. ft.
Which of the following pairs are measures of dispersion?
A) median & most common
B) range & standard deviation
C) average & mode
D) mean & median
B) range & standard deviation
The Jansens promised their oldest daughter, Kayla, that she may have the largest bedroom out of the four children’s bedrooms in their new home. The dimensions of the rooms are listed below. If the Jansen’s daughter bases her decision on square footage, which bedroom will she choose?
A) 12x14
B) 13x13
C) 11x15
D) 10x16
B) 13x13
An appraiser is calculating an odd-shaped lot and has broken down the site into a rectangle of 290 feet x 470 feet, and a right triangle with a base of 100 feet and a height of 290 feet. What is the acreage size of the site?
A) 3.13 acres
B) 3.79 acres
C) 3.46 acres
D) 3.3 acres
C) 3.46 acres
Note: The calculations are 290 x 470 = 136,300 sq. ft. and half of 100 x 290 = 14,500.
The two sections added together equals 150,800 sq.
ft. / 43,560 = 3.46189 acres.
Which of the following are excluded when calculating GLA?
A) bathroom, above grade
B) a dining room without at least three walls
C) porches
D) a bedroom over the garage
C) porches
Which of the following are excluded when calculating GLA?
A) bathroom, above grade
B) a dining room without at least three walls
C) the third stall in a garage
D) a bedroom over the garage
C) the third stall in a garage
An appraiser is researching sales of hotels located along a stretch of a busy interstate freeway. The appraiser uncovered the following data:
Sale 1: Sales Price: $5,400,000 Rooms: 120 Building Area: 45,000 sq. ft. Gross Room Revenue: $15,000
Sale 2 Sales Price: $4,800,000 Rooms 100 Building Area: 37,500 sq. ft. Gross Room Revenue$16,000
Sale 3 Sales Price: $5,460,000 Rooms 130 Building Area: 50,000 sq. ft. Gross Room Revenue$14,000
Sale 4 Sales Price: $4,290,000 Rooms 110 Building Area: 42,000 sq. ft. Gross Room Revenue$13,000
What is the mean Sale Price? A. $3,950,000 B. $4,800,000 C. $4,987,500 D. $5,000,000
What is the mean Sale Price
C. $4,987,500
$19,950,000 / 4 = $4,987,500
An appraiser is researching sales of hotels located along a stretch of a busy interstate freeway. The appraiser uncovered the following data:
Sale 1: Sales Price: $5,400,000 Rooms: 120 Building Area: 45,000 sq. ft. Gross Room Revenue: $15,000
Sale 2 Sales Price: $4,800,000 Rooms 100 Building Area: 37,500 sq. ft. Gross Room Revenue$16,000
Sale 3 Sales Price: $5,460,000 Rooms 130 Building Area: 50,000 sq. ft. Gross Room Revenue$14,000
Sale 4 Sales Price: $4,290,000 Rooms 110 Building Area: 42,000 sq. ft. Gross Room Revenue$13,000
What is the range of the gross room revenue? A. $1,000 B. $2,000 C. $3,000 D. $6,000
C. $3,000
$16,000 − $13,000 = $3,000
An appraiser is researching sales of hotels located along a stretch of a busy interstate freeway. The appraiser uncovered the following data:
Sale 1: Sales Price: $5,400,000 Rooms: 120 Building Area: 45,000 sq. ft. Gross Room Revenue: $15,000
Sale 2 Sales Price: $4,800,000 Rooms 100 Building Area: 37,500 sq. ft. Gross Room Revenue$16,000
Sale 3 Sales Price: $5,460,000 Rooms 130 Building Area: 50,000 sq. ft. Gross Room Revenue$14,000
Sale 4 Sales Price: $4,290,000 Rooms 110 Building Area: 42,000 sq. ft. Gross Room Revenue$13,000
What is the median size of the hotels’ building area?
A. 42,000 sq. ft.
B. 43,500 sq. ft.
C. 45,000 sq. ft.
D. 50,000 sq. ft.
B. 43,500 sq. ft.
Halfway between 42,000 sq. ft. and 45,000 sq. ft.
Calculate the shaded area of the bay window. (See handbook pg 304, problem 4)
A. 20 sq. ft.
B. 24 sq. ft.
C. 44 sq. ft.
D. 48 sq. ft
C. 44 sq. ft.
