test Flashcards
The gold and blue keys on an HP 12c are ________ keys.
statisical
financial
shift
programming
shift
“In statistics, items of information used to draw conclusions about, or to describe, a population” is the definition of
datum
data
statistics
sample
data
A large sample is ______ or more.
5
10
20
30
30
“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
statistics
A(n) _______________ is defined as “an item of observation that can assume various values.”
variable
income stream
range
interest rate
variable
“The process of drawing conclusions about population characteristics through analysis of sample data” defines ___________ statistics.
descriptive
influential
intuitive
inferential
inferential
“The central point, or representative value, around which items cluster in a frequency distribution” is the definition of
mediancy
central tendency
mode
collinearity
central tendency
Which of the following can be used in the analysis of dispersion?
mean
median
mode
range
range
“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
nonprobability
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
perpendicular
“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
degrees of freedom
r2 measures how well the _____________ fits the _______.
regression line, cost new
regression coefficient, mean
regression line, data
dispersion, variance
regression line, data
“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
confidence interval
A standard IQ test has a mean of _____ and a standard deviation of _____.
100, 1
10, 100
100, 20
100, 10
100, 1
Another name for the Student Table is the ___________ Table.
Z
T
A
X
T
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
is not an appraisal
The interaction of buyers and sellers who trade long or intermediate-term money instruments.” is the definition of the _____________ market.
monetary
money
capital
bond
capital
To whom is the Fed accountable?
Congress
No one
The President
The Treasury Department
Congress
The price of money is
fixed
an interest rate
an exchange rate
a capitalization rate
an interest rate
_______________ are known as thrift institutions.
Savings banks
Savings & loans
Credit unions
Commercial banks
Savings & loans
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
Fannie Mae and Ginnie Mae
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
oversee Fannie Mae and Freddie Mac
___________ loans are assumable without the permission of the lender.
All
All conventional
Only FHA
FHA and VA
FHA and VA
_______________ are either mutual or stockholder owned.
Savings banks
Savings & loans
Credit unions
Commercial bank
Savings banks
Which was created first?
FHFA
Fannie Mae
FHA
Freddie Mac
FHA
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
long term government bonds
The Federal Reserve consists of ____ regional banks.
4
6
8
12
12
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
disintermediation
Which is an insured loan?
VA
FHA
Fannie Mae
Freddie Mac
FHA
In the compound interest tables, which columns provide present values as outputs?
1, 2, 5
2, 4, 6
1, 2, 3
4, 5, 6
4, 5, 6
The symbol for a variate is
y
b
X
n
X
You could purchase an AVM from all of the following EXCEPT
Fannie Mae
Freddie Mac
Dataquick
Electronic Appraiser
Electronic Appraiser
The coefficient of determination is represented by the symbol
r2
r
Z
X
r2
Another name for the student table is the _______ table.
Z
T
A
X
T
Fractiles are intervals that total ____ of the distribution.
66.7
50
99
100
100
Which would NOT be a strength of AVMs?
speed
accuracy
low cost
no appraiser bias
accuracy
“The interaction of buyers and sellers who trade short-term money instruments” is the definition of the ________ market.
stock
money
capital
bond
money
Which would NOT be a weakness of AVMs?
no existing standards
they ignore marketability
no data verification
they cost more
they cost more
“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
paired data analysis
