Unsurelock the Detective Knows That One of 20 Suspects Has

question 237

Multiple Choice

Unsurelock the detective knows that one of 20 suspects has committed a crime. He proposes to administer a lie-detector test to all 20 and to arrest anyone who fails the test. Which error of thinking has he made?

• A) He has failed to distinguish between a hypothesis and a prototype.
• B) He has used the availability heuristic.
• C) He has used the representativeness heuristic.
• D) He has overlooked the base-rate information.

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Definitions:

Purchasing Power

Refers to the financial ability of an individual or group to buy goods and services, often influenced by income levels and inflation rates.

Currency Ratio

The value of one currency expressed in terms of another, used to determine how much of one currency can be exchanged for another.

Equivalent Amount

A value or quantity that is considered to be equal in terms of function, usefulness, or worth to another, often used in comparisons or exchanges.

Cryptocurrencies

Cryptocurrencies are digital forms of money that utilize cryptographic techniques to ensure their security and function without the oversight of a central banking authority.