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TABLE 2-5 The Following Are the Duration in Minutes of a Sample

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TABLE 2-5
The following are the duration in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier. TABLE 2-5 The following are the duration in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.   -Referring to Table 2-5, if 100 calls were randomly sampled, ________ of them would have lasted at least 15 minutes but less than 20 minutes. A)  6 B)  8 C)  10 D)  16
-Referring to Table 2-5, if 100 calls were randomly sampled, ________ of them would have lasted at least 15 minutes but less than 20 minutes.


Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often known as the "I-knew-it-all-along" effect.

Testable Hypotheses

are theories or predictions that can be empirically tested through experimentation or observation to determine their validity.

Illusory Correlation

The perception of a relationship between two variables when no such relationship exists, often leading to cognitive biases.

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

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