What Does the Availability Heuristic Suggest

question 43

Multiple Choice

What does the availability heuristic suggest?

• A)the probability of two united events cannot be greater than the probability of one or the other separately
• B)events that are typical of a class are assigned a high probability of occurrence
• C)the probabilities of states of nature are unknown
• D)if relevant examples can readily be retrieved from memory, then the class of events must occur with a high probability

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Definitions:

Overtime Provisions

Regulations that govern the compensation for employees who work beyond the standard working hours, often entailing higher rates of pay.

Fair Labor Standards Act

A United States federal law that sets minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.

Classification System

A framework for categorizing and organizing elements into groups based on shared characteristics, used across various fields like biology, information management, and job grading.

Job Evaluation

A systematic process to determine the relative worth of jobs within an organization for the purpose of establishing fair pay scales.