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You Have Surveyed All of Your Close Friends, and They

question 140

True/False

You have surveyed all of your close friends, and they all prefer ice cream to frozen yogurt.Thus you should be confident that everyone prefers ice cream; that is, this is a representative sample of adequate size.


Definitions:

Specification Fill Weight

A quality control measure used in manufacturing to ensure that products meet a predetermined weight threshold.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much individual values deviate from the mean of the set.

Historical Analogy

A method of reasoning or argument in which a situation in the past is compared to a current situation.

Forecast

Forecast is the process of making predictions of future based on past and present data.

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