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A bullet is fired horizontally at a target, and the sound of its impact is heard 1.3 seconds later. If the speed of the bullet is 3,000 ft/sec and the speed of sound is 1,100 ft/sec, how far away is the target?
Behavioural Decision Model
A theory that explains decision making by individuals based on psychological factors, including biases, perceptions, and other behavioral aspects.
Cognitive Limitations
Refers to the constraints on human information processing, including limited memory and attention capacity.
Perfectly Rational
Refers to a theoretical condition in decision-making where individuals make decisions by fully optimizing and considering all available information and potential outcomes.
Ambiguous Situations
Scenarios that lack clarity and can be interpreted in multiple ways.
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