The Law of Small Numbers Describes

question 93

Multiple Choice

The law of small numbers describes:

• A) the tendency for people to overstate the probability associated with rare events.
• B) the ability to correctly estimate the expected outcome from a small number of events.
• C) the higher probability that small numbers (like 1, 2, and 3) occur in random samples relative to large number (like 8 or 9).
• D) the improved accuracy of averages to estimate relatively small numbers (on the order of 1 or 10) than relatively large numbers (on the order of 1,000 or 10,000).

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