Consider the Discrete Probability Distribution to the Right When Answering $$\begin{array} { l | c c c c } \mathrm { x } & 2 & 5 & 6 & 8 \\\hline \mathrm { P } ( \mathrm { x } ) & 0.16 & ? & 0.3 & 0.21\end{array}$$

question 93

Multiple Choice

Consider the discrete probability distribution to the right when answering the following question. Find theprobability that x equals 5. $$\begin{array} { l | c c c c } \mathrm { x } & 2 & 5 & 6 & 8 \\\hline \mathrm { P } ( \mathrm { x } ) & 0.16 & ? & 0.3 & 0.21\end{array}$$

• A) 0.33
• B) 0.67
• C) 1.65
• D) 3.35

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Definitions:

Representativeness Heuristic

A cognitive bias in decision-making where the likelihood of an event is estimated based on how similar it is to the typical case.

Narrow Framing

Making decisions without considering all implications or by overly focusing on a narrow set of factors.

Affect Heuristic

A mental shortcut in decision-making influenced by emotions, where people rely on feelings rather than detailed analysis.