In Order for Information to Be Useful in Decision Making

question 18

True/False

In order for information to be useful in decision making, the information must demonstrate relevance and faithful representation.

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Definitions:

First-Year Students

Individuals in their initial year of study at an educational institution, often at a university or college.

Class Rank

A measure of how a student's performance compares to others in their group or grade level, often expressed as a percentile or as a rank.

Ordinal Random Variable

A random variable that has outcomes which can be ordered or ranked but does not necessarily have a quantitative value.

Nominal Random Variable

A variable that represents data which can be classified into distinct categories with no logical order.