The Basic Practice of Statistics 7th Edition

Published by W. H. Freeman
ISBN 10: 146414253X
ISBN 13: 978-1-46414-253-6

Chapter 15 - Sampling Distributions - Chapter 15 Exercises - Exploring the Web - Page 372: 15.46

Answer

No.

Work Step by Step

The article doesn't describe the Law of Large Numbers well. This is because it says that only one individual is required to make a lot of profit, however, according to the Law of Large Numbers, many individuals are required to be sure that we make profit.
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