Practice Quiz

Financial Planner

Category - Investment Planning

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What concept states that the larger a sample population the more accurate the prediction acquired by the testing of the sample?
  1. Law of Adverse Numbers
  2. Law of Large Numbers
  3. Law of Action
  4. Adverse Reaction
Explanation
Answer: B - The law of large number states that the larger a sample population the more accurate the prediction acquired by the testing of the sample. There is a deviation in comparison outcomes are expected to be smaller than if using a small population sample. It is assumed the
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