Jim Weighs Himself on His Personal Scale 4 Different Times

question 26

Multiple Choice

Jim weighs himself on his personal scale 4 different times.The values he obtains are 155 pounds, 154 pounds, 155.5 pounds, and 155 pounds.On his doctor's scale he weighed 168 pounds.Based on these results we can say that his personal scale is

• A)Accurate and precise.
• B)Accurate but not precise.
• C)Precise but not accurate.
• D)Neither accurate nor precise.

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Definitions:

T-Bills

Short-term government securities with maturities of less than a year, sold at a discount from their face value.

Probability

A quantitative measure of the likelihood of a certain event or outcome, expressed as a number between 0 and 1.

Return

The profit or loss derived from an investment over a particular period, often expressed as a percentage of the investment's initial cost.