The range is an insensitive measure of data variation for large data sets because two data sets
can have the same range but be vastly different with respect to data variation.
A) True B) False
Q. 2Foreclosure is another word for the taking of possession of collateral.
Indicate whether the statement is true or false
Q. 3Classify the events as dependent or independent: Events A and B where P(
A) = 0.3, P(B) = 0.4,
and P(A and B) = 0.12.
A) dependent B) independent
Q. 4The recording of a mortgage does not affect the rights and duties of the borrower and lender
with respect to one another.
Indicate whether the statement is true or false
Q. 5On a certain statistics test, 20 of the students earned a score of 90 or above. It was also
true that 20 of the male students earned a score of 90 or above. Are the events earning
a score of 90 or above and being male independent? Explain.
What will be an ideal response?
Q. 6Which is expressed in the same units as the original data, the variance or the standard
deviation?
What will be an ideal response?
Q. 7The parties to a mortgage are the mortgagor, mortgagee, and the beneciary.
Indicate whether the statement is true or false
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