The Law of Large Numbers Implies That Larger Samples of Data

question 29

Multiple Choice

The law of large numbers implies that larger samples of data are less likely to show accidental patterns;therefore,larger samples are generally more informative.In making judgments about evidence,participants

• A)seem to understand and respect this law.
• B)ignore this law even though they do follow other principles of statistics.
• C)follow this law only if they have been trained in statistics.
• D)ignore this law in some situations but respect it in other situations.

---

Definitions:

KFC Brand

A globally recognized fast-food franchise known for its fried chicken, originating in the United States and established by Colonel Harland Sanders.

Direct Investment

The action of an entity from one country investing to achieve dominant control over a corporation in another country.

Foreign Market

The markets outside the company's home country where it seeks to sell its products or services.

Greatest Commitment

The highest level of dedication or obligation one can have towards a cause, goal, or relationship.