You Estimate the Number of Soft Drinks You'll Need for the 4th

question 20

Multiple Choice

You estimate the number of soft drinks you'll need for the 4th of July picnic, based on the Christmas party consumption, but taking into account the fact that the weather will be warmer. Which heuristic does this example illustrate?

• A) Availability
• B) Base rate fallacy
• C) Anchoring and adjustment
• D) Representativeness

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Definitions:

Additional Time

An extension of time provided beyond the original allotment, often used in contexts such as examinations, project deadlines, or sports matches.

Inches

A unit of length in the imperial and United States customary systems, equivalent to 1/12 of a foot or 25.4 millimeters.

Contemporary Perspective

Present-day viewpoints or methods of understanding in a particular field, often considering the latest research and developments.

Daily Basis

The frequency of something happening or being performed every day.