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:

Ophthalmology

A branch of medicine dealing with the anatomy, physiology, and diseases of the eye.

Trichiasis

An eye condition where eyelashes grow inward, touching the eyeball and potentially causing discomfort or damage.

Trich

Short for Trichomoniasis, a sexually transmitted infection caused by the parasite Trichomonas vaginalis.

Nyctalopia

A condition often referred to as night blindness, where individuals have difficulty seeing in low light or darkness.