Choose the One Most Appropriate Answer for Each

question 12

Multiple Choice

Choose the one most appropriate answer for each.
-money set aside from the budget for expenses that do not occur every month

• A)annual meeting
• B)board of directors
• C)bylaws
• D)covenants, conditions, and restrictions (CC&Rs)
• E)common elements
• F)condominium
• G)condominium act
• H)condominium subdivision
• I)cooperative
• J)cooperator
• K)house rules
• L)maintenance fees
• M)management company
• N)owner's association
• O)proprietary lease
• P)planned unit development (PUD)
• Q)reserves
• R)resort timeshare
• S)right-to-use
• T)separate property

---

Definitions:

Population Parameters

Characteristics that summarize or describe aspects of a population, such as mean, variance, or median.

N - 1 Adjustment

A statistical method used to correct the bias in the variance estimate of a sample.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values.

Scores

Quantitative values assigned to individuals or items for the purpose of evaluation or measurement.