You Could Probably Answer the Questions " Is a Monkey

question 448

Multiple Choice

You could probably answer the questions " is a monkey a mammal?" faster than, "is a whale a mammal?" Why

• A)a whale is actually a fish
• B)belief bias gets in the way
• C)mammal is an abstract concept
• D)a monkey is more prototypical of the category mammal
• E)the proposition is phrased incorrectly

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Definitions:

Discount Rate

It denotes the interest rate utilized for determining the present value of future cash flows in the course of discounted cash flow analysis.

Future Value

The value of an investment or cash flow at a specific future date, adjusted for time value of money and interest.

Discount Rate

The interest rate used to discount future cash flows to their present value, often reflecting the cost of capital or the risk of the investment.