Which of the Following Is Not a Characteristic of a Second

question 135

Multiple Choice

Which of the following is not a characteristic of a second mortgage loan?

• A)Second mortgages allow borrowers to access their home equity.
• B)The claim of the second mortgage lender is primary.
• C)The property is collateral for both loans.
• D)Second mortgages can pay for major remodeling projects, finance college costs, medical bills, and so on.

---

Definitions:

Skewed

A description of a distribution that is not symmetrical around its mean, indicating that the data points tend to extend more to one side than the other.

Normally Distributed

Refers to a probability distribution that is symmetrically shaped around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Mean

The arithmetic average of a set of numbers, calculated by adding them all together and dividing by the count of these numbers.

Right-Skewed

Describes a distribution of data where the tail on the right side of the distribution is longer or fatter than the left side, indicating that the mean is greater than the median.