All of the Following Statements Are True Except

question 5

Multiple Choice

All of the following statements are true except:

• A) People can make choices that help determine development outcomes.
• B) Decision makers possess accurate and complete information.
• C) Information is costly and difficult to obtain,especially in developing countries.
• D) People cannot take advantage of new investment opportunities

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Definitions:

Outlier

A data point that diverges significantly from the overall pattern of data in a dataset, potentially indicating a measurement error or a new trend.

IQR

The Interquartile Range (IQR) is a measure of statistical dispersion, being equal to the difference between the 75th and 25th percentiles of a data set.

Chebyshev's Theorem

A statistical theorem stating that for any real dataset, the proportion of values that fall within k standard deviations from the mean is at least 1-1/k^2 for k > 1.

Empirical Rule

A statistical principle that asserts in a normal distribution, almost all of the data is contained within three standard deviations from the mean.