test Flashcards

1
Q

The gold and blue keys on an HP 12c are ________ keys.

statisical
financial
shift
programming

A

shift

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2
Q

“In statistics, items of information used to draw conclusions about, or to describe, a population” is the definition of

datum
data
statistics
sample

A

data

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3
Q

A large sample is ______ or more.

5
10
20
30

A

30

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4
Q

“The body of principles and methods concerned with extracting useful information from numerical data” is the definition of

inferential statistics
descriptive statistics
statistics
graphical analysis

A

statistics

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5
Q

A(n) _______________ is defined as “an item of observation that can assume various values.”

variable
income stream
range
interest rate

A

variable

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6
Q

“The process of drawing conclusions about population characteristics through analysis of sample data” defines ___________ statistics.

descriptive
influential
intuitive
inferential

A

inferential

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7
Q

“The central point, or representative value, around which items cluster in a frequency distribution” is the definition of

mediancy
central tendency
mode
collinearity

A

central tendency

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8
Q

Which of the following can be used in the analysis of dispersion?

mean
median
mode
range

A

range

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9
Q

“A sample produced by an unscientific, non-random process”, for example a sample based on an appraiser’s judgment or a convenience sample is a ____________ sample.

random
stratified
nonprobability
probability

A

nonprobability

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10
Q

The deviation as shown on a chart would be measured by the difference from the observation to the mean measured by a line that runs __________to the line of the mean.

parallel
adjacent
perpendicular
at a 45 degree angle

A

perpendicular

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11
Q

“The number of values in a calculation of a statistic that are free to vary” is the definition of

average deviation
average absolute deviation
degrees of freedom
standard error

A

degrees of freedom

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12
Q

r2 measures how well the _____________ fits the _______.

regression line, cost new
regression coefficient, mean
regression line, data
dispersion, variance

A

regression line, data

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13
Q

“A numerical range around a sample mean accompanied with a statement of how confident one is that the true population mean lies within the interval” is the definition of

confidence zone
probability zone
confidence interval
coefficient of determination

A

confidence interval

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14
Q

A standard IQ test has a mean of _____ and a standard deviation of _____.

100, 1
10, 100
100, 20
100, 10

A

100, 1

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15
Q

Another name for the Student Table is the ___________ Table.

Z
T
A
X

A

T

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16
Q

An AVM

is always an appraisal
is not an appraisal, but must be performed by an appraiser
is not an appraisal
could be an appraisal, depending on the scope of work

A

is not an appraisal

17
Q

The interaction of buyers and sellers who trade long or intermediate-term money instruments.” is the definition of the _____________ market.

monetary
money
capital
bond

A

capital

18
Q

To whom is the Fed accountable?

Congress
No one
The President
The Treasury Department

A

Congress

19
Q

The price of money is

fixed
an interest rate
an exchange rate
a capitalization rate

A

an interest rate

20
Q

_______________ are known as thrift institutions.

Savings banks
Savings & loans
Credit unions
Commercial banks

A

Savings & loans

21
Q

In 1968, FNMA was split into two organizations:

Fannie Mae and Freddie Mac
Fannie Mae and HUD
Ginnie Mae and Sallie Mae
Fannie Mae and Ginnie Mae

A

Fannie Mae and Ginnie Mae

22
Q

Which of the following is NOT a function of the Fed?

conduct the nation’s monetary policy
oversee Fannie Mae and Freddie Mac
supervise and regulate banking institutions
maintain the stability of the financial system

A

oversee Fannie Mae and Freddie Mac

23
Q

___________ loans are assumable without the permission of the lender.

All
All conventional
Only FHA
FHA and VA

A

FHA and VA

24
Q

_______________ are either mutual or stockholder owned.

Savings banks
Savings & loans
Credit unions
Commercial bank

A

Savings banks

25
Q

Which was created first?

FHFA
Fannie Mae
FHA
Freddie Mac

A

FHA

26
Q

The most common competitors for mortgage funds are

savings account deposits
short term money market funds
long term certificates of deposit
long term government bonds

A

long term government bonds

27
Q

The Federal Reserve consists of ____ regional banks.

4
6
8
12

A

12

28
Q

If interest rates on bank interest-bearing accounts are too low, investors will invest their money elsewhere. This demonstrates the concept of

intermediation
disintermediation
rate creep
inflation spread

A

disintermediation

29
Q

Which is an insured loan?

VA
FHA
Fannie Mae
Freddie Mac

A

FHA

30
Q

In the compound interest tables, which columns provide present values as outputs?

1, 2, 5
2, 4, 6
1, 2, 3
4, 5, 6

A

4, 5, 6

31
Q

The symbol for a variate is

y
b
X
n

A

X

32
Q

You could purchase an AVM from all of the following EXCEPT

Fannie Mae
Freddie Mac
Dataquick
Electronic Appraiser

A

Electronic Appraiser

33
Q

The coefficient of determination is represented by the symbol

r2
r
Z
X

A

r2

34
Q

Another name for the student table is the _______ table.

Z
T
A
X

A

T

35
Q

Fractiles are intervals that total ____ of the distribution.

66.7
50
99
100

A

100

36
Q

Which would NOT be a strength of AVMs?

speed
accuracy
low cost
no appraiser bias

A

accuracy

37
Q

“The interaction of buyers and sellers who trade short-term money instruments” is the definition of the ________ market.

stock
money
capital
bond

A

money

38
Q

Which would NOT be a weakness of AVMs?

no existing standards
they ignore marketability
no data verification
they cost more

A

they cost more

39
Q

“A quantitative technique used to identify and measure adjustments to the sale prices or rents of comparable properties; to apply this technique, sales or rental data on nearly identical properties is analyzed to isolate and estimate a single characteristic’s effect on value or rent” is the definition of

mass appraisal
graphic analysis
paired data analysis
income model

A

paired data analysis