Based on the study by Nisbett and his colleagues on statistical reasoning across four disciplines, which person would you count on to solve a statistical reasoning problem accurately?
a. a physician
b. a chemist
c. a lawyer
d. a psychologist
Question 2
The fact that people usually have too much confidence in the accuracy of their judgments is the definition of ________, according to the authors of your text.
a. counterfactual thinking
b. self-fulfilling prophecy
c. controlled processing
d. overconfidence barrier
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.