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 56 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
Gracias!

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Differences in the number and location of flagella. Differences in the number and location of flagella.
Female choice based on male appearance. Female choice based on male appearance.
Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress Treatment of Depression with Ketamine The graph shows the effects of ketamine on symptoms of depress
Using trace elements in carbonate shells to estimate temperature Using trace elements in carbonate shells to estimate temperature
An electrochemical cell is based on these two half-reactions An electrochemical cell is based on these two half-reactions
Video: Mechanism of enzyme action

For a complete list of videos, visit our video library