Which of the Following Actions May Be Explained by the Law

question 159

Multiple Choice

Which of the following actions may be explained by the law of small numbers?

• A) People buy lottery tickets.
• B) People buy air travel insurance.
• C) People purchase extended or long-term warranties or maintenance contracts for new automobiles and appliances.
• D) all of the above

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Definitions:

Internal

Pertaining to or existing within an entity (such as an individual, organization, or system).

Stable

Characterized by consistency, permanence, and resistance to change over time.

Unstable

Characterizes a state or condition that lacks consistency, predictability, or emotional steadiness.

Belief Perseverance

A tendency to continue to view an initial assumption as correct despite evidence to the contradictory.