Subprime Mortgages May Have Never Exceeded 7% to 8% of All

question 42

True/False

Subprime mortgages may have never exceeded 7% to 8% of all outstanding mortgage obligations by 2007,but by the end of 2008,they were the source of more than 65% of bankruptcy filings by homeowners in the United States.

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Definitions:

Grade Equivalent

A measure that describes a student's performance in comparison to the average performance of students in a specific grade level.

Publisher Mean

A statistical metric that represents the average or mean score of all participants on a particular test as determined by the test's publisher.

Nominal Scale

A scale of measurement in which numbers are arbitrarily assigned to represent different categories or variables. The only math that can be applied to these numbers is calculation of the mode.

Arbitrarily Assigned

Assignments or classifications made without any specific criteria or reason, relying on random choice.