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At a casino, a combination of two spinners is used to decide the winner based on the sum of scores from spinning. The spinners each have four colored spaces - red, yellow, blue, and green. Red = 1, Yellow = 2, Blue = 3, and Green = 4
-Compute the expected value of the random variable that denotes the possible summed scores from the two spinners.
Availability Heuristic
A cognitive shortcut that depends on the first examples that appear in someone's mind when considering a particular subject, idea, technique, or choice.
Conjunction Fallacy
The cognitive bias where people incorrectly believe specific conditions are more probable than a single general one.
Public Relations
The strategic communication process that builds mutually beneficial relationships between organizations and their publics.
Conjunction Fallacy
A logical fallacy that occurs when people assume that specific conditions are more probable than a single general one.
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