**16. Correct. The answer is false.**

If the mineral economist has 'n' different prices, then the average price of the minerals considered in the dataset is equal to:

This is simply the mean of the
random prices. The average price converge to μ.
This is a consequence of the *strong law
of large number*:

This is an application of the Chevyshev's inequality. ε is a very small number which represent the discrepancy between the calculated average price and its theoretical value.