Although There Are Only a Few Runners on Your College

question 130

Multiple Choice

Although there are only a few runners on your college track team, you see a woman on campus who has the physique of a runner. You decide that she's a member of the track team. Your conclusion is based on __________.

• A) the representativeness heuristic
• B) the availability heuristic
• C) base rate information
• D) biased sampling

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Definitions:

Sales Taxes

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Sick Pay

Compensation paid by employers to employees during periods when they are unable to work due to illness.

Cumulative Preferred Stock

Cumulative preferred stock is a type of preferred stock that accumulates dividends in case of non-payment in any period, requiring these dividends to be paid out before any dividends to common stockholders.

Dividend Payable

A liability recorded when a company declares dividends to be paid to shareholders, representing the amount owed until the dividends are distributed.