You Are Using the Narrative Approach

question 126

Multiple Choice

You are using the narrative approach.Whatever possible self you choose to pursue, you are more likely to become what you imagine if you

• A) elaborate your story, making it more detailed and "real" as you gradually adopt new patterns.
• B) find a role model completely opposite of your personality to identify with and to imitate.
• C) remind yourself that this approach will dramatically change your personality traits, so be sure that you want to change.
• D) remind yourself to be patient since it will take at least two years before a significant change can be made in one's personality.

Understand the implications of ethics in balancing legal and voluntary business practices.

Understand the concept and utility of financial leverage in real estate investments.

Recognize the risks and returns associated with mortgage investments.

Identify various real estate investment vehicles and their characteristics, including REITs, Ginnie Maes, and Freddie Macs.

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Definitions:

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.

Binomial Probability Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or assumptions.

Discrete Probability

Discrete probability involves probability distributions that deal with discrete random variables, which are variables that have specific, countable outcomes, such as rolling a die or flipping a coin.

Binomial Experiment

A statistical experiment that meets the criteria of having a fixed number of trials, each with two possible outcomes, independent trials, and a constant probability of success.