An Observation Classified as Part of a Group with a Characteristic

question 18

Multiple Choice

An observation classified as part of a group with a characteristic when it actually does not have the characteristic is termed as a(n)

• A)false negative.
• B)false positive.
• C)residual.
• D)outlier.

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Definitions:

Percent

A mathematical term that represents a fraction of 100, used to describe proportions or comparisons between quantities.

Financial Assets

Assets that derive their value from contractual claims, such as stocks, bonds, bank deposits, and other investments.

Bonds

Debt securities issued by entities (governments or corporations) to raise capital, promising to pay back with interest at a specified date.

Stocks

Shares of ownership in a corporation, giving holders a claim on part of the company's assets and profits.