16. A blood test has a mean of 122 and a standard deviation of 18. Which result would be considered the most unusual?
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4. What is the gambler’s fallacy?
4. What is the gambler’s fallacy?
3. Why are tail risks dangerous?
3. Why are tail risks dangerous?
19. The average SAT math score is 500 with a standard deviat…
19. The average SAT math score is 500 with a standard deviation of 100. Which score is most likely to be rare?
15. Which situation would most likely have the smallest stan…
15. Which situation would most likely have the smallest standard deviation?
2. What does “tail risk” mean?
2. What does “tail risk” mean?
17. In a normal distribution, approximately what percentage…
17. In a normal distribution, approximately what percentage of data falls within one standard deviation of the mean?
9. What does reversion to the mean explain?
9. What does reversion to the mean explain?
The below histogram shows the weekly wages of workers at a c…
The below histogram shows the weekly wages of workers at a construction site: How many workers get daily wages of 500 – 600?
When drawing items from a group, what is the main difference…
When drawing items from a group, what is the main difference between sampling with replacement and sampling without replacement?