________ Determine the Quality of Information

question 79

Multiple Choice

________ determine the quality of information.

• A)Accuracy and reliability
• B)Timeliness and relevance
• C)Relevance and accuracy
• D)Completeness and timeliness
• E)Availability and reliability

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Definitions:

Probability Distribution

A function in mathematics that supplies the likelihoods of various potential outcomes of an experiment.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, used in statistics and finance to measure risk or volatility.

Variance

A statistical measure of the dispersion or spread of a set of data points, indicating how much the numbers in the data set deviate from the mean.

Coefficient of Variation

A measure indicating the relative variability of a data set by dividing the standard deviation by the mean, often used to assess risks or volatility in finance.