The Accepted and Common Method of Checking the Accuracy of a _____

question 28

Multiple Choice

The accepted and common method of checking the accuracy of a _____ is to invert, or switch, the multiplicand and the multiplier and work the problem from a reverse position.

• A) addition sum
• B) subtraction difference
• C) multiplication product
• D) division quotient

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Definitions:

Uncertainty

The lack of complete certainty, that is, the existence of more than one possibility in the outcome of a future event.

Econometric

Relating to econometrics, the branch of economics that applies statistical and mathematical methods to analyze economic data and test theories.

Prime Interest Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in the economy.

Time Series

A sequence of data points recorded or measured at successive times, usually at uniform intervals.