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Six Sigma Green Belt Exam Prep

Category - Six Sigma Green Belt

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Real estate agents at a national agency meet on a weekly basis to discuss property pricing. With repossessed homes, the proper procedure for pricing is for three real estate agents to agree on a selling price. This is an example of ____________.
  1. percent agreement
  2. pricing agreement
  3. estate agreement
  4. systematic agreement
Explanation
Answer: A - Percent agreement is used in measurement systems analysis to provider inter-rater agreement.

Key Takeaway: Percent agreement is a methodology used in measurement systems analysis to provider inter-rater agreement. In this example, after the review of current housing prices in similar conditions and under similar repossession, agreement amongst real estate agents must be reached before appraisal is adopted.
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