FIGURE 5-2 by Performing the Activity Shown in Figure

question 8

Multiple Choice

FIGURE 5-2 By performing the activity shown in Figure 5-2 above, you should be able to determine ____.

• A) the useful life of the computer
• B) where to discard old equipment
• C) when technical support is available
• D) how often to perform regularly scheduled maintenance

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Definitions:

Representativeness Bias

A cognitive bias where individuals incorrectly estimate the likelihood of an event by comparing it to an existing prototype in their minds.

Availability Bias

The tendency to overestimate the likelihood of events based on their availability in memory, often influenced by recent occurrences.

Confirmation Error

A cognitive bias that involves giving more attention and weight to information that confirms one's preexisting beliefs or hypotheses, while ignoring or undervaluing information that contradicts them.

Adjustment Bias

A cognitive bias affecting decision-making, where individuals depend too heavily on initial information or adjustments from a reference point.