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Estimates Using the Arithmetic Average Will Probably Tend to _____

Question 18

Multiple Choice

Estimates using the arithmetic average will probably tend to _____ values over the long-term while estimates using the geometric average will probably tend to _____ values over the short-term.


A) overestimate; overestimate
B) overestimate; underestimate
C) underestimate; overestimate
D) underestimate; underestimate
E) accurately; accurately

Correct Answer:

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