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NEW QUESTION: 1
Which of the following is/are true?
I. There are as many values above the mode as below it.
II. The sum of the differences between the observations in a sample and the mode of the sample equals zero.
III. The mode is not affected by "outliers."
IV. A sample has a unique mode.
A. II, III & IV
B. II only
C. I, III & IV
D. III only
E. I only
F. III & IV
Answer: D
Explanation:
Explanation/Reference:
Explanation:
A sample can have multiple modes, corresponding to all the numbers which appear with the maximum frequency. Note that the mode is not affected by outliers unless an extreme value occurs frequently. In such a case, it is likely that the observed data contain large errors and hence, it must be reexamined. (I) holds for the median not the mode i.e. there are as many values above the median as below it. (II) holds for the mean i.e. the sum of the differences between the observations in a sample and the mean of the sample equals zero.
NEW QUESTION: 2
Which of the following should be the FIRST step to help ensure the necessary regulatory requirements are addressed in an organization's cross-border data protection policy?
A. Conduct stakeholder interviews.
B. Perform a business impact analysis (BIA).
C. Perform a gap analysis.
D. Conduct a risk assessment.
Answer: C
NEW QUESTION: 3
A financial institution receives a regulatory enforcement action because of deficiencies in its anti-money laundering program.
Which action should the board of directors take?
A. Terminate the compliance officer and staff
B. Purchase and install a new suspicious activity monitoring system
C. Instruct the compliance officer to develop a plan to remediate the institution's anti-money laundering program
D. Hire an attorney with instructions to protest the enforcement action
Answer: C