Experimental Outcomes That Are Based on Measurement Scales Such as Time

question 20

Multiple Choice

Experimental outcomes that are based on measurement scales such as time, weight, and distance can be described by _____ random variables.​

• A) ​discrete
• B) ​continuous
• C) ​uniform
• D) ​intermittent

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Definitions:

Gambler's Fallacy

The incorrect belief that future probabilities are altered by past events, often found in contexts of betting and decision-making.

Expected Utility

A concept in economics and game theory measuring the anticipated benefit or satisfaction from an action, given uncertainties.

Content Effect

Performance variability on reasoning tasks that require identical kinds of formal reasoning but are dissimilar in superficial content.

MAUT

Multi-Attribute Utility Theory, a framework used in decision making to evaluate and compare choices based on multiple criteria.