A Regular Savings Account Usually Offers a Lower Rate of Return

question 64

True/False

A regular savings account usually offers a lower rate of return to savers than other savings plans.

---

Definitions:

Discrete Probability Distribution

A statistical function that describes the probability of occurrence of each value of a discrete random variable.

Discrete Random Variable

A variable that takes on a countable number of distinct values and is often used to model scenarios where outcomes are distinct and separate.

Discrete Quantitative Variables

Variables that represent countable quantities and can take on a finite number of distinct values.

Elementary Units

The simplest, indivisible entities which a data set or a statistical analysis is concerned with.