Which of the Following Is a Disadvantage of Using Credit

question 12

Multiple Choice

Which of the following is a disadvantage of using credit?

• A) Ease of returning merchandise
• B) Shopping convenience
• C) Slowing of progress toward financial goals
• D) Capacity to access credit in the future

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Definitions:

One-sample Chi-square Test

A statistical test used to determine whether there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.

Degrees of Freedom

The number of independent pieces of information available to estimate another piece of information or the parameters in a statistical model.

One-sample Chi-square Test

A statistical test used to compare the observed distribution of data with an expected distribution to test the goodness of fit.

Medians

The middle value in a data set, which divides the set into two equal halves.