Arithmetic Operations Are Inappropriate for

question 11

Multiple Choice

Arithmetic operations are inappropriate for

• A) categorical data.
• B) quantitative data.
• C) both categorical and quantitative data.
• D) large data sets.

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Definitions:

Creditworthiness

An assessment of a borrower's ability to repay debts based on their financial history and current financial status.

Payment History

A record of an individual's or entity's past payments on debts, often used by creditors to evaluate creditworthiness.

Financial Statements

Records that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Raw Materials

Basic materials that are used in the production process to manufacture goods, including commodities like metals, oils, and agricultural products.