Perhaps the Greatest Disadvantage of Using Credit Is

question 72

Multiple Choice

Perhaps the greatest disadvantage of using credit is

• A) The temptation to overspend.
• B) The convenience offered instead of using cash.
• C) The float from using credit.
• D) The increase in total purchasing power.
• E) The increased satisfaction during present and future income periods.

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean value, calculated as the average of the squared differences from the mean.

Population

The entire group of individuals or instances about whom the research is concerned or from which the data is collected.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the quantity of values.

Bell Shaped Distribution

Also known as a normal distribution, it is a probability distribution that has a symmetrical bell-shaped graph, indicating that most of the data points are concentrated around the mean.