Q 116

The law of small numbers describes: A)the tendency for people to overstate the probability associated with rare events. B)the ability to correctly estimate the expected outcome from a small number of events. C)the higher probability that small numbers (like 1,2,and 3)occur in random samples relative to large number (like 8 or 9). D)the improved accuracy of averages to estimate relatively small numbers (on the order of 1 or 10)than relatively large numbers (on the order of 1,000 or 10,000).

Multiple Choice