Examlex

Solved

In a Table Showing Credit Score Ranges of Customers by County

question 4

Essay

In a table showing credit score ranges of customers by county and income group, two cells for a particular county were shown as missing, even though the raw data were available for these cells. The measurement unit of the table was count of customers of a particular retail outlet. What could be the reason for not showing counts for the two cells?


Definitions:

Adverse Selection

A situation in which asymmetric information results in high-quality goods or high-quality consumers being squeezed out of transactions because they cannot demonstrate the quality of the product they are offering for sale.

Fair Bet

A wager in which the expected value to both parties involved is equal; no side has an advantage.

Standard 52-card Deck

A common set of playing cards used for a variety of games, consisting of four suits with thirteen ranks each.

Decreasing Slope

A downward trend on a graph indicating that one variable decreases as another variable increases.

Related Questions