Author Question: It is correct to say that subjective probability assessments are neither right nor wrong, but are ... (Read 59 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
It is correct to say that subjective probability assessments are neither right nor wrong, but are merely reflections of the state of mind of the individual making the probability assessment.
 
  Indicate whether the statement is true or false

Question 2

Twenty one (21 ) customers out of a simple random sample of 50 said that they came to the grocery store within one month after getting a card from the company.
 
  Based on the data, the marketing manager thinks that the number of total customers who would come in to the grocery store within one month is 4,200 because 10,000 cards were mailed. Indicate whether the statement is true or false



onowka

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

TRUE

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library