If You Find That You Cannot Make Your Payments,the First

question 84

Multiple Choice

If you find that you cannot make your payments,the first thing you should do is:

• A)skip town.
• B)declare personal bankruptcy.
• C)borrow from a loan shark to make the payment.
• D)let the balance owed go to a collection agency.
• E)contact your creditors and try to work out a modified payment plan with them.

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Definitions:

Confidence Level

The probability or likelihood, expressed as a percentage, that a specified interval will contain the true population parameter.

Mean Width

An average measure of the width of a set of objects or figures, calculated by summing the widths and dividing by the number of objects.

Confidence Interval

A range of values derived from sample data that likely contains the true value of an unknown population parameter.

Sample Size

The number of observations or units included in a sample, which represents a portion of the population being studied.