8 Assuming that average refers to the mean which of the foll

8%. Assuming that average refers to the mean, which of the following claims must be true based on this information?

Note: More than one statement could be true. If none of the statements is true, mark the appropriate box.

Last year some of their clients made a profit of at least

8%.

Last year more than half of their clients made a profit of at least

8%.

Last year at least one of their clients made a profit of more than

2%.

Two years ago some of their clients made a profit of at least 8%.

None of the above statements is true.

An investment company advertised that last year its clients, on average, made a profit of

8%. Assuming that average refers to the mean, which of the following claims must be true based on this information?

Note: More than one statement could be true. If none of the statements is true, mark the appropriate box.

Solution

Two statements can be true here

Second option that more than half of the clients made a profit of at least 8%. It is not necessarily true but can be true.

At least one client made more then 2%.since average is 8 so profit has to be greater than 2.manywill be there whose profit will be more then 2%.

So option B and Cl

8%. Assuming that average refers to the mean, which of the following claims must be true based on this information? Note: More than one statement could be true.

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