Billie Median: How to Calculate It, With Examples. What is the median in economics? In economics, the median is the value that separates the higher half of a data sample, a population, or a probability distribution, from the lower half. In simple terms, it may be thought of as the “middle” value. The median is of … Read more
. Activities, Interests, and Opinions AIO is a marketing research technique that collects data on consumers’ activities, interests, and opinions. What are 3 types of psychographics? 1. Social class: This refers to the socio-economic status of a person or group. It can be used to identify spending patterns and purchasing power. 2. Lifestyle: This refers … Read more
A “cap” is a limit on the interest rate increase for an adjustable-rate mortgage (ARM). It protects the borrower from drastic increases in the interest rate, but it does not protect against more gradual increases. What certification is cap? The Mortgage Bankers Association (MBA) offers the Certified Mortgage Banker (CMB) designation to mortgage professionals who … Read more
