Bits of Information That Are Distracting and Draw Your Thinking

question 4

Multiple Choice

Bits of information that are distracting and draw your thinking away from central issues are referred to as

• A)Bayes Theorem.
• B)true negatives.
• C)mechanism and probabilism.
• D)red herrings.
• E)false negatives.

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Definitions:

Combinations

In mathematics and statistics, combinations refer to the selection of items from a group, where the order of selection does not matter.

Total Utility

The overall satisfaction or pleasure a person derives from consuming a certain quantity of goods or services.

Marginal Utilities

The increased enjoyment or benefit obtained by a user from the consumption of one more unit of a good or service.

Buyer's Income

The total earnings available to a buyer for the purpose of making purchases, including both disposable income and any credit.