The Local Amusement Park Was Interested in the Average Wait

question 115

Multiple Choice

The local amusement park was interested in the average wait time at their most popular roller coaster at the peak park time (2 p.m.) . They selected 13 patrons and had them get in line between 2 and 3 p.m. Each was given a stop watch to record the time they spent in line. The times recorded were as follows (in minutes) (mean = 114.15) :
118, 124, 108, 116, 99, 120, 148, 118, 119, 121, 45, 130, 118

-What is the range?

• A)103
• B)23.62
• C)557.97
• D)128.8
• E)115

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Definitions:

Underestimate

To assess something or someone as less in quantity, value, or importance than is actually the case.

Over-precision

The tendency to be too confident in one's own judgments, estimates, or predictions, often leading to errors or miscalculations.

Law Of Small Numbers

Tendency to overstate the probability that a certain event will occur when faced with relatively little information.

Anchoring

A cognitive bias in decision making where an individual relies too heavily on an initial piece of information to make subsequent judgments.