This Organization Was Forced to Notify More Than 800,000 Borrowers

question 52

Multiple Choice

This organization was forced to notify more than 800,000 borrowers that a software installation error had resulted in a miscalculation of their loans and that their payments would increase.

• A) Sallie Mae
• B) Freddie Mac
• C) AIG
• D) Bank of America

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Definitions:

Pooled Variance

An estimate of variance across different samples or groups that assumes the underlying population variances are equal.

T-Statistic

A type of test statistic calculated to determine if a hypothesis should be accepted or rejected, commonly used in a t-test to compare means.

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis without breaking any constraints, relevant in statistical tests to assess the validity of the test.

Preservatives

Substances used in food processing and preservation to prevent spoilage and decay caused by microbial growth or undesirable chemical changes.