Campus Login McGraw-Hill ALEKS-MAT300044VA016-112 ALEKS (F stor Assignments Book

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Campus Login McGraw-Hill ALEKS-MAT300044VA016-112 ALEKS (F stor Assignments Book Calender Dictiona Calculator An investment company advertised that last year its clients, on average, made a profit of Assuming that average refers to the mean, which of the following claims must be true based on t information? 8%. Note: More than one statement could be true. if none of the statements is true, mark the appropria box. Last year some of their clients made a profit of more thar 14%. Last year all of their clients made a profit of 8% or more. Last year fewer than half of their clients made a profit of 8% or less. Last year some of their clients made a profit of exactly 8%. Two years ago at least one of their clients made a profit of at least 8%. None of the above statements is true. 9

Explanation / Answer

a) not necessarily , say every client has 8 % profit

b) not possible , if all has profit of 8 % or more , then average will more than or equal to 8

c)

d) not neceassrily, we can have average of 8%, even though none od data is 8 % , for eg

7 & 9 .

e) false, talks about 2 years ago, statement was about last year

none of the above statements are true

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