This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You estimate the number of bottles of pop you'll need for the Fourth of July picnic, based on the ... (Read 59 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jun 20, 2018
You estimate the number of bottles of pop you'll need for the Fourth of July picnic, based on the Christmas party consumption, but taking into account the fact that the weather will be warmer. Which heuristic does this example illustrate?
 
  a. availability
  b. base-rate fallacy
  c. anchoring and adjustment
  d. representativeness

Question 2

When people estimate confidence intervals, they typically
 
  a. provide estimates that are too wide.
  b. rely too heavily on the representativeness heuristic.
  c. are not sufficiently confident about their decisions.
  d. provide estimates that are too narrow.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 20, 2018
Answer to Question 1

Ans: c

Answer to Question 2

Ans: d


charchew

  • Member
  • Posts: 579
Reply 2 on: Jun 20, 2018
Excellent

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Types of transporters based on the direction of transport. Types of transporters based on the direction of transport.
Habitat reconstruction is possible based on the kinds of plants present at past sites. Habitat reconstruction is possible based on the kinds of plants present at past sites.
Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ... Correlations on tests for a number of cognitive abilities are higher for monozygotic twin pairs (who ...
Number Facts Number Facts
How would you write the number 120 in Babylonian? How would you write the number 120 in Babylonian?
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library