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COGNITIVE ASSESSMENT You received a new portable media player for your birthday. It is less than ideal as a gift, however, because you were hoping to do something with it, and it is not something you can do with the player. What is that thing you were hoping to do?
Relative Frequency
The ratio of the number of times a specific value or event occurs to the total number of occurrences in a given dataset.
Population
The entire group of individuals or instances about whom the research is concerned.
Expected Value
The weighted average of all possible values a random variable can take on, with the weights being the probabilities of each outcome.
Loan Applications
Formal requests submitted by individuals or businesses to borrow money from financial institutions.
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