A Relative Frequency Is

question 117

Multiple Choice

A relative frequency is:

• A)the proportion of times that a score occurred
• B)the number of scores of a given value divided by the total number of scores
• C)usually a more informative statistic than an absolute frequency
• D)all of these

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Definitions:

Risk Assessment

Involves identifying, analyzing, and evaluating uncertainty in investment decisions.

Credit Analysis

The process of evaluating an individual's or entity's ability to repay a loan or meet financial obligations.

Default

The failure to meet the legal obligations or conditions of a loan or other financial agreement, such as not making scheduled payments.

Credit Customer

An individual or entity that purchases goods or services on credit, with an agreement to pay at a later date.