{"id":129693,"date":"2023-12-03T17:39:40","date_gmt":"2023-12-03T17:39:40","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=129693"},"modified":"2023-12-03T17:39:42","modified_gmt":"2023-12-03T17:39:42","slug":"iaao-300-complete-course-review-latest-exam-250-questions-and-correct-detailed-answers-with-rationales-verified-answers-already-graded-a","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/12\/03\/iaao-300-complete-course-review-latest-exam-250-questions-and-correct-detailed-answers-with-rationales-verified-answers-already-graded-a\/","title":{"rendered":"IAAO 300 COMPLETE COURSE REVIEW LATEST EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+"},"content":{"rendered":"\n<p>IAAO 300 COMPLETE COURSE REVIEW LATEST EXAM 250 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+<\/p>\n\n\n\n<p>IAAO 300 COMPLETE COURSE REVIEW LATEST 2023-<br>2024 EXAM 250 QUESTIONS AND CORRECT<br>DETAILED ANSWERS WITH RATIONALES (VERIFIED<br>ANSWERS) |ALREADY GRADED A+<br>Making sure the square footage of a basement is not greater than the<br>square footage of the finished area is what type of edit? &#8211; ANSWERConsistency\/Logic<br>A listing of data in order of magnitude (largest to smallest) is called an?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ANSWER- Array<br>The highest bar in a histogram represents what? &#8211; ANSWER- A<br>Common level of appraisal<br>A histogram that shows data distributed normally has what shape? &#8211;<br>ANSWER- Bell-Shape<br>Find the Standard Deviation using the following numbers. Round to the<br>nearest Whole Number.<br>20<br>22<br>28<br>34<\/li>\n<\/ul>\n\n\n\n<p>38 &#8211; ANSWER- Standard Deviation = 7.67 or 8<br>Find the 25th Percentile given the following numbers:<br>1400<br>1460<br>1500<br>1580<br>1620<br>1700 &#8211; ANSWER- 1445<br>What is the best way to display the relationship between SFLA and Sale<br>Price? &#8211; ANSWER- Scatter diagram<br>What is the best way to display the relationship between average sale<br>price and construction class in three different Neighborhoods? &#8211;<br>ANSWER- Contingency Table<br>What is the most common measure of central tendency? &#8211; ANSWERMean<br>What is the best way to display the distribution of continuous and<br>discrete variables? &#8211; ANSWER- Box Plot<br>What expresses the Standard Deviation as a percentage? &#8211; ANSWERCoefficient of Variation or C.O.V.<\/p>\n\n\n\n<p>What type of sales are preferred in sales ratio studies? &#8211; ANSWERSingle Parcel sales<br>When confirming sales to be used, adjustments may need to be made.<br>What is a typical adjustment? &#8211; ANSWER- Time Adjustment\/Market<br>Adjustment<br>Which data analysis tool is helpful to identify outliers and extreme<br>outliers? &#8211; ANSWER- Box plots<br>Given the data set below, find the Median, COD, and PRD.<br>Sale Price: $125,000, 110,000, 120,000, 130,000, 125,000<br>Appraised Value: $130,000, 98,000, 115,000, 124,000, 119,000. &#8211;<br>ANSWER- Median = 0.95; C.O.D. = 3.37%; P.R.D. = 1.00<br>To evaluate vertical equity (PRD) graphically, what else is needed<br>besides sales ratios? &#8211; ANSWER- Values; Sales Prices\/Appraised Value<br>What is the current RCN given the following information?<br>Original Cost: $260,000<br>Square Feet: 6,000<br>Index at time of construction: 180<br>Current Index: 220 &#8211; ANSWER- RCN = $260,000 x 1.22 = $317,200<\/p>\n\n\n\n<p>Where can cost tables and schedules be obtained from? &#8211; ANSWERMarshall &amp; Swift, state agencies, in-house<br>What is the most common costing method? &#8211; ANSWER- Comparative<br>Unit per Square Foot<br>Price Related Differential is a measure of what? What is the acceptable<br>range? PRD greater than 1 means what? PRD less than 1 means what? &#8211;<br>ANSWER- 1. vertical equity<\/p>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li>0.98 to 1.03<\/li>\n\n\n\n<li>Regressive<\/li>\n\n\n\n<li>Progressive<br>Overhead and profit are examples of what type of cost? &#8211; ANSWER- Indirect costs<br>What is the most detailed cost estimation method? &#8211; ANSWERQuantity Survey<br>Cost models are what type of model? &#8211; ANSWER- Hybrid(Generic)<br>Cost Model<br>Trending using medians would be done by dividing the target median by<br>the actual median. True or False &#8211; ANSWER- True<br>Powered by <a href=\"https:\/\/learnexams.com\/search\/study?query=aqa\" target=\"_blank\" rel=\"noopener\">https:\/\/learnexams.com\/search\/study?query=aqa<\/a><\/li>\n\n\n\n<li><\/li>\n<\/ol>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/IAAO-300-COMPLETE-COURSE-REVIEW-LATEST-EXAM-250-QUESTIONS-AND-CORRECT-DETAILED-ANSWERS-WITH-RATIONALES-VERIFIED-ANSWERS-ALREADY-GRADED-A.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of IAAO-300-COMPLETE-COURSE-REVIEW-LATEST-EXAM-250-QUESTIONS-AND-CORRECT-DETAILED-ANSWERS-WITH-RATIONALES-VERIFIED-ANSWERS-ALREADY-GRADED-A.\"><\/object><a id=\"wp-block-file--media-cd8fa782-2e99-4cfb-8583-6ab917e474bb\" 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COMPLETE COURSE REVIEW LATEST 2023-2024 EXAM 250 QUESTIONS AND CORRECTDETAILED ANSWERS WITH RATIONALES (VERIFIEDANSWERS) |ALREADY GRADED A+Making sure the square footage of a basement is not greater than thesquare footage of the finished [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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