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Explain How Someone Might Decide How Reliable Is "Reliable Enough

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Essay

Explain how someone might decide how reliable is "reliable enough" for a measure. What settings might warrant more stringent criteria for reliability, and why?


Definitions:

Ordinary Interest

Interest calculated on the basis of a 360-day year, commonly used in banking and bond markets.

Ordinary Interest

Interest calculated based on a 360-day year, often used in banking for loans and savings accounts.

Exact Interest

Interest calculated based on a 365-day year, providing a precise interest calculation.

Ordinary Interest

Interest calculated on the basis of a 360-day year, often used in banking for loans and savings.

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