Suppose You Are Asked Whether There Are More Psychology or Biology

question 39

Multiple Choice

Suppose you are asked whether there are more psychology or biology majors at your school.Imagine that you estimate the numbers at your school based on the number of people with these majors you personally know.What are you using?

• A) the covariation principle
• B) the fundamental attribution error
• C) the availability heuristic
• D) the actor-observer effect

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Definitions:

Instantaneous

Occurring or done in an instant or immediately.

Perpetuity

An annuity that pays a set amount of money indefinitely, with no end date.

Annuity

A financial product that provides fixed or variable payments to an individual at regular intervals, often used as part of retirement planning.

Number Of Time Periods

The total count of distinct time intervals considered in an analysis, calculation, or model, often pertaining to finance or statistics.