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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.
-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.
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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