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

7%. 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.

This year some of their clients will make a profit of at least 7.

Last year all of their clients made a profit of at least 7%.

Last year at least one of their clients made a profit of exactly

7%.

Last year some of their clients made a profit of more than 3%.

None of the above statements is true.

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

7%. 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

SInce Average profit is 7% , so some of them their client have profit more than 7% and some have less than 7%

SO 2nd option is correct

i.e. This year some of their clients will make a profit of at least 7.

7%. 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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