Given That the Survey Predicts a Strong Demand, the Probability

question 168

Multiple Choice

Given that the survey predicts a strong demand, the probability that the eventual demand is weak is ______.

• A)0.054
• B)0.156
• C)0.092
• D)0.180

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Definitions:

Social Learning

A theory that suggests people learn new behaviors and acquire new information by observing and mimicking others, as well as through direct instruction.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time, leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort and restore balance.

Competitive Inertia

A situation where a company continues with its current strategies because it has historically been successful, even when those strategies become less effective.

Affect

A term referring to the experience of feeling or emotion in psychology.