Which of the Following Is True About Using Sample Data

question 20

Multiple Choice

Which of the following is true about using sample data?

• A) All samples have the same characteristics and hence always adequately represent the underlying population.
• B) It can limit the ability to predict uncertain events that may occur because potential values outside the range of the sample data are not included.
• C) It is better to use sample data than trying to identify the underlying probability distribution and fitting a theoretical distribution to it.
• D) Using sample data in a decision model increases the ability to predict uncertain events.

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Definitions:

Novelty

The quality of being new, original, or unusual.

Mixed Reactions

Varied responses among a group of people, demonstrating a range of emotions or opinions.

Slow-To-Warm-Up

This term describes a temperament in children who tend to be cautious in new situations or with unfamiliar people, taking longer to adapt but eventually becoming comfortable.

Difficult Baby

A term in developmental psychology referring to infants with challenging temperaments, often characterized by intense emotions, high activity levels, and irregular routines.