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How confident are you in your guesses?
Record the results of your survey on graphs. You could show the mid-point of each person's range on a histogram, and the ranges on a separate graph, to avoid confusion.
Should you insure your mobile phone? It rather depends on whether you focus on the long-term pay-off or the effect of a single event.
Should Louis go for the safer options, hoping to limit his losses, or would he be better off with a riskier strategy, focusing on maximising his profit?
How do scientists or mathematicians estimate the size of a population of wild animals?