IAAO 311 TEST BANK 2026 FULL
QUESTIONS AND VERIFIED ANSWERS
⩥ IAAO wants you to inspect properties at least every. Answer: 6 years
⩥ value is based on supply and demand. Answer: modern price theory
⩥ terms are independent. Answer: additive model
⩥ has two choices. Answer: binary data
⩥ terms are dependent. Answer: multiplicative model
⩥ has both dependent and independent terms. Answer: hybrid model
⩥ has three or more choices. Answer: discrete data
⩥ variables that are labeled good, fair, average & given numerical value
assigned for each. Answer: scalar variables
⩥ the presence of air conditioning would be an example of. Answer:
binary variable (yes or no)
, ⩥ what model is centered around 1. Answer: multiplicative model
⩥ what model is centered around 0. Answer: additive model
⩥ economies as a scale in a model would use. Answer: logarithmic
transformation
⩥ broad geographic area that is impacted by the same economic
influences and trends. Answer: market area
⩥ two variables that are interactive & can multiply by one another.
Answer: multiplicative transformation
⩥ example of quotient transformation. Answer: divide sales price by size
⩥ percentiles/quartiles. Answer: k=pXn+p
p= percent
n= number of items
⩥ inner quartile. Answer: the difference between first and third quartiles
QUESTIONS AND VERIFIED ANSWERS
⩥ IAAO wants you to inspect properties at least every. Answer: 6 years
⩥ value is based on supply and demand. Answer: modern price theory
⩥ terms are independent. Answer: additive model
⩥ has two choices. Answer: binary data
⩥ terms are dependent. Answer: multiplicative model
⩥ has both dependent and independent terms. Answer: hybrid model
⩥ has three or more choices. Answer: discrete data
⩥ variables that are labeled good, fair, average & given numerical value
assigned for each. Answer: scalar variables
⩥ the presence of air conditioning would be an example of. Answer:
binary variable (yes or no)
, ⩥ what model is centered around 1. Answer: multiplicative model
⩥ what model is centered around 0. Answer: additive model
⩥ economies as a scale in a model would use. Answer: logarithmic
transformation
⩥ broad geographic area that is impacted by the same economic
influences and trends. Answer: market area
⩥ two variables that are interactive & can multiply by one another.
Answer: multiplicative transformation
⩥ example of quotient transformation. Answer: divide sales price by size
⩥ percentiles/quartiles. Answer: k=pXn+p
p= percent
n= number of items
⩥ inner quartile. Answer: the difference between first and third quartiles
