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10% . Assuming that average refers to the mean, which of the following claims mu

ID: 3408932 • Letter: 1

Question

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.

Two years ago some of their clients made a profit of at least 10%.

Last year at least one of their clients made a profit of less than 16%.

Last year all of their clients made a profit of at least 10%.

Last year, the number of their clients who made a profit of 10%or less was equal to the number of their clients who made a profit of 10% or more.

None of the above statements is true.

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.

Explanation / Answer

Last year at least one of their clients made a profit of less than 16%.