The X-Axis of a Lift Chart Shows

question 31

Multiple Choice

The x-axis of a lift chart shows

• A)the number of actual Class 1 records identified.
• B)the ratio of decile mean to overall mean.
• C)the number of actual Class 1 records.
• D)the ratio of the overall mean to the decile mean.

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Definitions:

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Absolute Disadvantage

A situation where an individual, country, or company is less efficient in producing goods or services compared to another.

Opportunity Cost

The rejection of advantageous prospects from other paths when one path is chosen.

Free Trade

The absence of restrictions or tariffs on the import and export of goods and services between countries, allowing for the unimpeded flow of goods, services, and capital.