Question

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?
a. This year some of their clients will make a profit of at least 8%.
b. Last year some of their clients made a profit of at least 8%.
c. Last year more than half of their clients made a profit of at least 8%.
d. Last year at least one of their clients made a profit of more than 11%.
e. Last year at least one of their clients made a profit of exactly 8%.
f. None of the above statements is true.

Answer 1

Answer:

The answer is "Option 2".

Step-by-step explanation:

Please find the complete question in the attached file.

When there is a mean value k in a set of data. Otherwise, we will assert with certainty that at least one of the values is k. They can't say anything at all about the maximum or even the minimum using knowledge only. Nevertheless, we know that certain numbers cannot be over and that all numbers cannot be below than mean. Mean also no value throughout the data set must be equal.