Relative Humidity Levels Are Always Higher in St

question 49

True/False

Relative humidity levels are always higher in St. Louis, MO than Anchorage, AK.

---

Definitions:

Law of Small Numbers

A cognitive bias that leads people to make unjustified conclusions based on limited data.

Risks

The potential for losing something of value, or the uncertainty regarding the outcome of an action or decision.

Probability

The likelihood or chance of an event occurring, often expressed as a number between 0 and 1.

Small-Numbers Bias

A situation in markets where the fewness of buyers or sellers can significantly impact the negotiation power and market outcomes.