The law of small numbers refers to:

A) the tendency for events with the same likelihood of occurrence to even out , given enough trials.
B) a tendency to take unnecessary risks without full information.
C) the tendency to overstate the probability of an event when faced with little information.
D) the tendency to ignore events that have a small likelihood of occurrence.

To optimally deter crime, law enforcement authorities should:

A) set higher fines for crimes that have a lower probability of being caught.
B) set the fine equal to the expected benefit, even if it is difficult to catch the offenders.
C) ignore the probabilities of catching offenders and attempt to prevent crime at all costs.
D) set very high fines regardless of the probability that an offender is caught.

How does one align culturally with a community?

A) Run advertisements identifying your associations
B) Try to sell special products to the community
C) Sponsorship
D) Immersing staff in the community

If the CPI was 120 in 1994, was 126 in 1995, and was 134.82 in 1996, what was the inflation rate in 1995 and in 1996?

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