In a Certain Town, 25% of People Commute to Work

question 56

Multiple Choice

In a certain town, 25% of people commute to work by bicycle. If a person is selected randomly from the town, what are the odds against selecting someone who commutes by bicycle?

• A) 1 : 3
• B) 1 : 4
• C) 3 : 4
• D) 3 : 1

Analyze the role of cultural values in creating social stability and as sources of social conflict.

Distinguish between folkways and mores, using examples.

Describe the nature and functioning of sanctions in social control.

Define culture and understand its functions within society.

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Definitions:

Buy Down

A financing technique where points are paid upfront by a borrower to reduce the interest rate on a loan.

Point Purchased

In finance, particularly in mortgage contexts, this refers to prepaid interest that the borrower opts to pay upfront in order to lower the interest rate on the loan.

Monthly Mortgage

A regularly scheduled payment that often includes both interest and principal, made by a borrower to a lender for the repayment of a home loan.

Interest Rate

The percentage rate that is paid by a bank on money that is in some accounts.