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A Credit Card Company Uses Information About Each Customer's Age,gender,income,and

question 17

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A credit card company uses information about each customer's age,gender,income,and past credit history to find patterns that make customers a poor credit risk.This company is using ____.


Definitions:

Placebo Effect

The phenomenon in which a patient's symptoms can improve after receiving a fake treatment or substance, due to their belief in its efficacy rather than any therapeutic effect.

Sampling Bias

A systematic error that occurs when a sample is not representative of the population from which it is drawn, potentially leading to distorted findings.

Informed Consent

A process ensuring that a participant fully understands and agrees to the procedures, risks, and rights involved in a study or treatment.

Ethical Principle

Fundamental guidelines that dictate the conduct of individuals and organizations, often used to determine what is right or wrong in various situations.

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