Evaluate the Following Generalization(s), Identifying Sample, Population, Attribute of Interest

question 158

Short Answer

Evaluate the following generalization(s), identifying sample, population, attribute of interest, and the extent to which the claims involved are knowable. Consider carefully the size and diversification of the sample and the extent to which the population differs or may differ from the sample; remember, what's important is that the sample be representative.
Noting that recent scientific research suggests that a daily glass of wine or two might be good for the heart, Mr. Laub decides to tank up. "Why in hell not," he says. "If one glass of wine is good for you, most likely five or six is really good for you."

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Definitions:

EAR

Effective Annual Rate (EAR) is a measure of interest that takes into account the effects of compounding over a given period.

Compounded Monthly

Interest calculated on an investment or loan each month based on both the initial principal and the accumulated interest from previous months.

EAR

Effective Annual Rate, a measure of interest that takes into account the effect of compounding over a year.

Compounded Quarterly

The process whereby the interest earned on an investment is calculated and added to the principal sum every three months, then the new total is used for the next compounding period.