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When Providing Credit Information, There Is an Ethical and Legal

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When providing credit information, there is an ethical and legal obligation involved.


Definitions:

Experiments

A procedure undertaken to test a hypothesis, typically involving the manipulation of variables to observe the effect on some behavior or condition.

Sample

A subset of individuals or observations drawn from a population used for statistical analysis, intended to represent the population from which it is drawn.

Population

The entire group of individuals or instances about whom the study is to make inferences, in contrast to a sample drawn from it for analysis.

Census

A systematic collection, analysis, and publication of data pertaining to the population and its components at a specific time.

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