A Fixed Rate Mortgage Is Also Known as A(n) ____________________

question 36

Short Answer

A fixed rate mortgage is also known as a(n) ____________________ mortgage.

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Definitions:

Mode

The value that appears most frequently in a data set.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, often used are the mean, median, and mode.

Median

A statistical measure representing the middle value in a set of data, where half the numbers are above the median and half are below.

Correlation

A measure indicating the extent to which two or more variables fluctuate together.