A Disclosure Note Is Required for All Material Loss Contingencies

question 152

True/False

A disclosure note is required for all material loss contingencies for which the probability of loss is reasonably possible.

---

Definitions:

Error Variable

A variable in statistical or mathematical modeling that represents the difference between an observed value and the value predicted by a model.

Mean

The average value of a set of numbers, calculated by dividing the sum of all values by the count of values.

Multiple Regression Model

A statistical technique that models the relationship between a dependent variable and multiple independent variables.

Holding Constant

A method in analysis where certain variables are kept unchanged in order to isolate the effect of other variables.