Which of the Following Is True About Using Sample Data

Multiple Choice

Which of the following is true about using sample data?

A) All samples have the same characteristics and hence always adequately represent the underlying population.
B) It can limit the ability to predict uncertain events that may occur because potential values outside the range of the sample data are not included.
C) It is better to use sample data than trying to identify the underlying probability distribution and fitting a theoretical distribution to it.
D) Using sample data in a decision model increases the ability to predict uncertain events.