Below Is a Histogram of Salaries (In $) for a Sample

question 11

Multiple Choice

Below is a histogram of salaries (in $) for a sample of U.S.marketing managers. The shape of this distribution is

• A)symmetric.
• B)bimodal.
• C)right skewed.
• D)left skewed.
• E)normal.

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Definitions:

Representativeness Bias

A cognitive bias in decision-making where individuals judge probabilities or make judgments based on how much one thing resembles another, often leading to errors in assessment.

Conjunction Fallacy

A logical error where people wrongly assume that specific conditions are more probable than a single general one.

Framing Error

A cognitive bias where information is presented or perceived in a way that influences judgment and decision-making, potentially leading to incorrect conclusions or actions.

Representativeness Heuristic

A cognitive bias in decision-making where the likelihood of an event is estimated based on how much it resembles existing stereotypes or patterns.