In the Words of George Miller,the Capacity of Working Memory

question 434

Multiple Choice

In the words of George Miller,the capacity of working memory is the "magical number ___."

• A) nine, plus or minus two
• B) six, plus or minus one
• C) five, plus or minus two
• D) seven, plus or minus two

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Definitions:

Utility Function

A mathematical representation that relates an individual’s consumption bundle to the level of satisfaction or utility derived from it.

Marginal Utility

The additional satisfaction or utility gained from consuming or using one more unit of a good or service.

Interest Rate

The percentage of a sum of money charged for its use, which can be seen as the cost of borrowing money or the return on saving.

Rule Of 70

A method used to estimate the number of years it will take for a variable to double, calculated by dividing 70 by the annual growth rate.