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Author Question: It is correct to say that subjective probability assessments are neither right nor wrong, but are ... (Read 34 times)

storky111

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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