You Are Likely to Have Financial Difficulties If Your Personal

question 32

Multiple Choice

You are likely to have financial difficulties if your personal credit obligations exceed ____________ of your take-home pay. ​

• A)15%
• B)20%
• C)10%
• D)3%

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Definitions:

Measures of Variability

Statistical indicators that describe the spread or dispersion within a dataset, such as range, variance, and standard deviation.

Standard Deviation

A measure of the dispersion or variability in a set of data points, representing the average distance from the mean.

Variance

A metric that quantifies the spread of data points, by calculating the mean of squared variations from the central value.

Standard Deviation

A measure of how spread out the numbers in a data set are, indicating the variability around the mean.