Insensitivity to sample size about 45 babies are born each day, and in the smaller hospital about 15 babies are born each day. As you know, about 50% of all babies are boys. However, the exact percentage varies from day to day. Sometimes it may be higher than 50%, sometimes lower. For a period of 1 year, each hospital recorded the days on which more than 60% of the babies born were boys. Which hospital do you think recorded more such days? 56% of subjects chose option 3, and 22% of subjects respectively chose options 1 or 2. However, according to sampling theory the
Wine of the Month Club weary of retail and began the process of selling his pharmacies. Palos Verdes Wines and Spirits was sold the same year, but due to mismanagement on the part of the new owners, was closed soon thereafter. Paul Kalemkiarian Sr., however, had retained the mail order rights, and trademarked the name “Wine of the Month Club,” which he soon operated as a freestanding entity. In 1989, Paul Kalemkiarian Sr. offered to sell the Wine of the Month Club to his son, Paul Kalemkiarian Jr., after a six-month trial period. At the time, Kalemkiarian Jr. was a partner in a stable and