Because of the Complexity of Federal Securities Laws,a Recognized Defense

question 35

True/False

Because of the complexity of federal securities laws,a recognized defense to a charge of violation of federal securities laws is ignorance of the specific law or laws involved.

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Definitions:

Confidence Interval Estimate

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter.

Prediction Interval

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

Expected Value

The average outcome that one can expect to occur after many repetitions of a random experiment.

Error

A difference between a computed, estimated, or measured value and the true, specified, or theoretically correct value.