The Law of Large Numbers States That Larger Samples Are

question 29

Multiple Choice

The law of large numbers states that larger samples are _____.

• A) too difficult to work with
• B) more likely to be biased
• C) usually more representative of a population
• D) better selected through nonprobabilistic methods

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Definitions:

Testator

An individual who has made a valid will to direct the distribution of their estate after their death.

Abatement

A reduction, decrease, or complete removal, often in reference to taxes, rent, or nuisances.

Legatee

One designated in a will to receive a legacy (a gift of personal property).

General Bequest

A testamentary gift of a particular amount of money or a specific percentage of the estate, not tied to any particular asset.