Solve the Problem. -The Length of Time It Takes College Students to Find

question 71

Multiple Choice

Solve the problem.
-The length of time it takes college students to find a parking spot in the library parking lot follows a normal distribution with a mean of 4.5 minutes and a standard deviation of 1 minute. Find the probability that a
Randomly selected college student will find a parking spot in the library parking lot in less than 4.0 minutes.

• A) 0.2674
• B) 0.3551
• C) 0.1915
• D) 0.3085

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Definitions:

Escalation of Commitment

The phenomenon of investing increasingly more resources into a failing course of action due to cognitive biases and sunk costs.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Representation Bias

Representation bias refers to the cognitive bias where individuals inaccurately assess the probability of an event based on the ease with which examples come to mind, often due to how frequently they are portrayed or mentioned.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.