Author Question: The average age in a sample of 190 students at City College is 22 . As a result of this sample, it ... (Read 129 times)

maychende · **on:** Jun 24, 2018

The average age in a sample of 190 students at City College is 22 . As a result of this sample, it can be concluded that the average age of all the students at City College
a. must be more than 22, since the population is always larger than the sample.
b. must be less than 22, since the sample is only a part of the population.
c. could not be 22.
d. is around 22.

Question 2

When the payoffs become extreme, most decision makers are satisfied with the decision that provides the best expected monetary value.
a. True
b. False
Indicate whether the statement is true or false