A Provision in a Mortgage That Requires a Borrower to Pay

question 12

True/False

A provision in a mortgage that requires a borrower to pay to the lender 1/2th of the taxes and 1/12 of the insurance premium with each mortgage payment is known as an escrow provision.

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Definitions:

Type II Error

The probability of accepting a null hypothesis when it is false.

Multiple T Tests

Statistical tests used to compare the means of two groups on several different dependent variables.

Analysis Of Variance

A statistical method known as ANOVA, used to determine the existence of statistically significant differences between the means of three or more independent groups.

Factorial Design

An experimental setup that studies the effects of two or more factors by varying them simultaneously.