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The Number of Loan Defaults Per Month at a Bank

question 79

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The number of loan defaults per month at a bank is Poisson distributed.


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Controlled Experiment

A scientific test that is directly manipulated by a researcher, to determine the effect of a variable on a particular system.

Variable

An element, feature, or factor that is liable to vary or change; it is used in research to measure and analyze differences within experiments or studies.

Ethics in Sociology

Concerns the principles and guidelines that sociologists follow to conduct research and practice ethically, ensuring respect for subjects and integrity in work.

Informed Consent

A formal acknowledgment by research subjects (respondents) that they understand the purpose of the research and agree to be studied.

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