Ratios Should Not Be Used in Isolation Because

question 4

Multiple Choice

Ratios should not be used in isolation because:

• A)different ratios may give contradictory messages.
• B)their behaviour is interrelated.
• C)a decision will often have a number of aspects.
• D)All of the above

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Definitions:

Variability

The extent to which data points in a statistical distribution or dataset differ from each other and from their mean.

Confidence Level

A statistical measure that indicates the degree of certainty or trust in the results obtained from a sample as representative of a larger population.

Inference

The process of drawing conclusions about a population based on a sample.

Parameters

Statistical or mathematical conditions and variables that define the scope and functioning of a model, equation, or procedure.