We Are Interested in What the Text Calls "Probable Limits

question 29

Multiple Choice

We are interested in what the text calls "probable limits" because

• A) we want to know whether a piece of data is unusual.
• B) we want to have a good idea what kinds of values to expect.
• C) we might want to know whether values below some specific value are improbable.
• D) all of the above

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Definitions:

Adjustable Rate

A type of interest rate that can change, increasing or decreasing, over the period of a loan.

Subprime Mortgage

A type of mortgage that is offered to individuals with poor credit scores who are considered a higher risk to lenders.

Home Price

The monetary value at which a residential property is bought or sold in the real estate market.

Foreclosure Process

The legal procedure by which a lender seizes and sells a property after the borrower fails to meet the repayment terms of the loan.