Numbers in a Contingency Table Show the Frequency of Occurrence

question 125

True/False

Numbers in a contingency table show the frequency of occurrence of all possible combinations of categories.

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Definitions:

Drawee Bank

The bank upon which a check is drawn, responsible for paying the check amount to the bearer or designated payee.

Drawer

The party who draws a draft, that is, the party who orders that the money be paid.

Payee

The party named in a note or draft to whom payment is to be made.

Stop Payment

A banking process through which an account holder can request the bank to stop the payment of a cheque or payment transaction that has been issued but not yet processed.