1. According to the passage which statement written below is farthest in explaining the meaning of the passage above?
I. Market letter writers have been wrong in their judgments many a times but they continue to express their opinion as dramatic predictions and well time call results in huge rewards to analysts, journalist and popular writers.
II. Public opinion polls are fairly accurate because they are based on randomly selected diminutive representative groups and hence are more meaningful than intuitive statistics of an outcome.
III. People generally limit the need for hefty statistical evidence as it satisfies their intuition without reflecting the reality.
IV. None of the above.
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