An investment company advertised that last year its clients, on average, made a

Question

An investment company advertised that last year its clients, on average, made a profit of

10%

. Assuming that average refers to the mean, which of the following claims must be true based on this information?

Note: More than one statement could be true. If none of the statements is true, mark the appropriate box.

This year some of their clients will make a profit of at least 10%. Last year some of their clients made a profit of more than 16% Last year at least one of their clients made a profit of exactly 10%. Lost year at lest one of ther lents made rot f xacth Last year more than half of their clients made a profit of at least 10% Last year at least one of their clients made a profit of 10% or more None of the above statements is true

Explanation / Answer

An investment company advertised that last year its clients, on average, made a profit of 10%

. Assuming that average refers to the mean, which of the following claims must be true based on this information?

Here option b) is correct.

Last year some of their clients made a profit of more than 16%.

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