If Summer 2011 Sales Were $16,800 and the Summer Seasonal

question 107

True/False

If summer 2011 sales were $16,800 and the summer seasonal index was 1.20,then the deseasonalized 2011 summer sales value was $20,160.

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Definitions:

Unrelated Facts

information or data points that do not have a connection or relevance to each other.

Confirmation Error

What occurs when focusing only on information that confirms a decision already made.

Sunk-Cost Fallacy

The misconception that more resources should be dedicated to something because significant resources have already been spent.

Escalation Of Commitment

The phenomenon where people increase their investment in a decision despite new evidence suggesting it may be wrong.