What Is Meant by "Turn of the Month

question 16

Multiple Choice

What is meant by "turn of the month"?

• A) the last calendar day of the month
• B) the last bank business day of the month
• C) value last business day of the month against first business day of the next month
• D) value first business day of the month against last business day of the same month

---

Definitions:

Unimodal

Unimodal indicates a distribution with a single peak or mode, showing one prevalent value among the data set.

Frequency

The number of times a particular value or category occurs in a data set, often displayed in tables or charts.

Skewed

A description of a distribution of data or scores that shows asymmetry, meaning the bulk of the data points are lopsided toward one side of the scale.

Cumulative Percent

A measure that shows the percentage of data points less than or equal to a particular value, accumulated over a distribution or data set.