Examlex
Which of the following is not one of the components of the fraud risk model?
Normal Distribution
A normal distribution is a bell-shaped frequency distribution curve, where most of the occurrences take place around the central peak, and the probabilities of values further away from the mean taper off symmetrically.
Standard Deviation
Standard deviation is a statistical measure that quantifies the amount of variability or dispersion in a set of data values, indicating how much the individual data points differ from the mean of the data set.
Distribution
The arrangement of values of a variable showing their observed or theoretical frequency of occurrence.
Variation
The occurrence of differences or changes in the characteristics of organisms or objects within a population or set.
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