Examlex
The probability distribution for X is as follows: a. Find E[5X + 1].
b. Find V[5X + 1].
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.
Representativeness Heuristic
A cognitive shortcut used in decision-making that involves judging the likelihood of an event based on how closely it matches a prototype or stereotype.
Belief Perseverance
The phenomenon where individuals stick to their initial beliefs even when confronted with contrasting evidence.
Representativeness Heuristic
A cognitive shortcut that involves judging the likelihood of an event based on how closely it resembles a typical case.
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