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

18
Q

To whom is the Fed accountable?

Congress
No one
The President
The Treasury Department

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
Which was created first? FHFA Fannie Mae FHA Freddie Mac
FHA
26
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
27
The Federal Reserve consists of ____ regional banks. 4 6 8 12
12
28
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
29
Which is an insured loan? VA FHA Fannie Mae Freddie Mac
FHA
30
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
31
The symbol for a variate is y b X n
X
32
You could purchase an AVM from all of the following EXCEPT Fannie Mae Freddie Mac Dataquick Electronic Appraiser
Electronic Appraiser
33
The coefficient of determination is represented by the symbol r2 r Z X
r2
34
Another name for the student table is the _______ table. Z T A X
T
35
Fractiles are intervals that total ____ of the distribution. 66.7 50 99 100
100
36
Which would NOT be a strength of AVMs? speed accuracy low cost no appraiser bias
accuracy
37
“The interaction of buyers and sellers who trade short-term money instruments” is the definition of the ________ market. stock money capital bond
money
38
Which would NOT be a weakness of AVMs? no existing standards they ignore marketability no data verification they cost more
they cost more
39
"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