Examlex
When Carla had to choose one among three vacation destinations, she chose one that scored low on an important attribute of being tourist friendly. She chose that location because it was the least expensive and the most convenient to travel to. In the given scenario, which of the following decision rules has Carla used to choose a vacation destination?
Credit Card
A payment card issued by a financial institution that allows the cardholder to borrow funds with the promise to repay, with interest, at a later date.
Relative Cumulative Frequency
A statistical measure that shows the proportion of observations below a particular value in a dataset.
Percentile
A measure that indicates the value below which a given percentage of observations in a group falls.
Frequency Distribution
A table or chart that gives each piece of data in the set and the frequency, or the number of times that it appears in the data set.
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