Stan and Samantha Are the Proud Parents of Three Little

question 337

Multiple Choice

Stan and Samantha are the proud parents of three little girls. They decide to have one more child because it seems like they are due to have a boy. Stan and Samantha think that most families have both boys and girls therefore they figure the probability the next child will be a boy is high. Stan and Samantha

• A)are correct, since the odds of each sex are 50-50, and they are due for a boy
• B)have confused representativeness with probability
• C)have confused availability with probability
• D)are generating an algorithm to solve their problem to have a boy

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Detail the historical treatment of people with mental health problems and the progression towards more humane methods.

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Definitions:

Cartel

An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often in order to maximize the members' profits at the expense of consumers.

Herfindahl-Hirschman Index

A measure used to assess the market concentration and competition level within an industry, calculated by squaring the market share of each firm competing in the market and then summing the resulting numbers.

Market Share

The portion of a market controlled by a particular company or product, indicative of competitiveness.

Herfindahl Index

Measures the concentration of market power within an industry, calculated by summing the squares of the market share percentages held by the various firms within the market.