When an Arithmetic Average Is Reported in the News,it Is

question 77

Multiple Choice

When an arithmetic average is reported in the news,it is most important for readers to

• A) determine whether it is statistically significant.
• B) consider whether it is distorted by a few extreme cases.
• C) be sure that it represents a standard deviation.
• D) assume that it is the midpoint of a normal curve.

---

Definitions:

Delay Gratification

The capacity to withstand the lure of an instant gratification in favor of a future, potentially more significant, reward.

Pocket Money

Typically refers to a small amount of money given by parents to their children on a regular basis to spend as they wish.

Allowance

A fixed amount of money given regularly, typically to children by their parents, as pocket money or for specific purposes.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, often leading to impulsive decision-making.