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 63 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
YES! Correct, THANKS for helping me on my review

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

A goanna at Grey Gum picnic area at Mount Coot-tha, Queensland, Australia A goanna at Grey Gum picnic area at Mount Coot-tha, Queensland, Australia
Changes in chromosome number Changes in chromosome number
Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme Cultural Variations in the Strange Situation Across cultures, most toddlers exhibit secure attachme
How to write any number in engineering notation How to write any number in engineering notation
Correlations between scores on a psychology test and number of boiled kumquats eaten per month Correlations between scores on a psychology test and number of boiled kumquats eaten per month
The charge for telephone calls T is partly constant and partly varies with the number N of ... The charge for telephone calls T is partly constant and partly varies with the number N of ...
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library