Answer:
A. True
Step-by-step explanation:
The empirical rule in statistics states that:
- 68% of the data will be within 1 standard deviation
- 95% of the data will be within 2 standard deviations
- 99.7% of the data will be within 3 standard deviations
So yes, we can state that 5% or less of the data will be more than 2 standard deviations away from the mean. Of course, statistics is not 100% certain, so this rule is not 100% right all the time. Some exceptions might result, but generally speaking, the results should follow the empirical rule.
Answer:
Step-by-step explanation:
When the first draw is done there are 9 red balls in a sample size of 21. So there probability of drawing a red ball will be
When the second draw is done, there will be 12 yellow balls in a sample size of 20 since the first ball will not have been replaced into the bag. So the chance of someone drawing the second ball in the second draw is
The probability of them happening in this order is the product of both probabilities:
Answer: Jack, To Decide
Step-by-step explanation:
I am almost certain this is right.
The idea that it is random from a stranger especially between two sides, it fits the idea for fairness. Same with the citizens asked to participate and the random generator.
Answer:
B.) Investing has the risk of losing principal, whereas saving does not.
Step-by-step explanation:
Saving can be accomplished a number of ways, including putting the money in a cookie jar (where it will not earn interest). Most savings institutions (banks, credit unions, and the like) are governed by rules that help to ensure the availability and safety of the balance. Often, such institutions are insured so that depositors are protected against loss of principal.
Many investment opportunities are governed by no such rules. The invested amount may be unavailable for perhaps a lengthy period of time, and any return on the investment may be dependent upon factors not under the control of the party accepting the money. There is the opportunity for complete loss of the invested amount, and the possibility of incurring additional liability in some cases.
Investment in certificates that are traded on a regulated exchange will be subject to the exchange rules, generally including the requirement that the investor be fully informed of the risks. That doesn't mean there is no risk—it just means the investor is supposed to be made aware of it.