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Find the indicated probability.
-A class consists of 27 women and 32 men. If a student is randomly selected, what is the probability that the student is a woman?
Justification of Effort
The tendency to attribute a higher value to outcomes that require a greater amount of effort to achieve.
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "I-knew-it-all-along" effect.
Overestimate
To assess something as greater, larger, or more important than it actually is.
Predicted
Expected or forecasted based on current data or trends.
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