Consider the Following Data Set The Rank Assigned to the Three Observations of Value 1

question 78

Short Answer

Consider the following data set: $\begin{array} { | l | l | l | l | l | l | l | } \hline 1.2 & 1.3 & 1.3 & 1.3 & 1.6 & 1.7 & 1.8 \\\hline 1.8 & 1.8 & 1.9 & 2.1 & 2.2 & 2.5 & \\\hline\end{array}$ The rank assigned to the three observations of value 1.3 is: $\begin{array}{|l|l|}\hline\text { A. } & 2.5 . \\\hline \text { B. } & 3 . \\\hline \text { C. } & 2 . \\\hline \text { D. } & 1 . \\\hline\end{array}$

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Definitions:

Legal Documents

Official papers that indicate agreement to terms, rights, and responsibilities, enforceable by law.

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Secured by an asset or property as a guarantee to repay a loan.

Amortized

The process of gradually reducing a debt through regular payments over time, which include both principal and interest components.

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Borrower defaults occur when a borrower fails to meet the legal obligations of a loan, such as not making scheduled payments.