Question

Descriptive Statistics Rejecting unreasonable claims based on average statistics 0/5 An investment company advertised that last year its clients, on average, made a profit of 8%. Assuming that average refers to the mean, which of the following claims must be true based on this information? Note: More than one statement could be true. If none of the statements is true, mark the appropriate box. 0 Last year at least one of their clients made a profit of exactly 8%. X 5 Last year, the number of their clients who made a profit of 8% or less was equal to the number of their clients who made a profit of 8% or more. 0 Last year at least one of their clients made a profit of more than 14%. Last year some of their clients made a profit of 8% or more. This year some of their clients will make a profit of at least 8%. None of the above statements are true.

          Descriptive Statistics
Rejecting unreasonable claims based on average statistics
0/5
An investment company advertised that last year its clients, on average, made a profit of 8%. Assuming that average refers
to the mean, which of the following claims must be true based on this information?
Note: More than one statement could be true. If none of the statements is true, mark the appropriate box.
0
Last year at least one of their clients made a profit of
exactly 8%.
X
5
Last year, the number of their clients who made a profit of
8% or less was equal to the number of their clients who
made a profit of 8% or more.
0
Last year at least one of their clients made a profit of
more than 14%.
Last year some of their clients made a profit of 8% or more.
This year some of their clients will make a profit of at least
8%.
None of the above statements are true.

Descriptive Statistics
Rejecting unreasonable claims based on average statistics
0/5
An investment company advertised that last year its clients, on average, made a profit of 8%. Assuming that average refers
to the mean, which of the following claims must be true based on this information?
Note: More than one statement could be true. If none of the statements is true, mark the appropriate box.
0
Last year at least one of their clients made a profit of
exactly 8%.
X
5
Last year, the number of their clients who made a profit of
8% or less was equal to the number of their clients who
made a profit of 8% or more.
0
Last year at least one of their clients made a profit of
more than 14%.
Last year some of their clients made a profit of 8% or more.
This year some of their clients will make a profit of at least
8%.
None of the above statements are true.

Added by Jose Miguel N.

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