The __________ Is a Decision Making "Rule of Thumb" in Which

question 38

Multiple Choice

The __________ is a decision making "rule of thumb" in which determination of a event's likelihood is based on its recognizability, so that events that are recognized are viewed as more probable than those that are not.

• A) rapid assessment heuristic
• B) availability heuristic
• C) recognition heuristic
• D) representativeness heuristic
• E) None of the above

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Definitions:

Elementary Units

The simplest, indivisible entities which a data set or a statistical analysis is concerned with.

Finite Result

An outcome or solution that is fixed and definitive, with limitations in terms of size, number, or extent.

Discrete Variable

A variable that can take on a countable number of distinct values and cannot take on every value within its range.

Discrete Random Variable

A variable that can take on a countable number of distinct values, often associated with experiments that have a finite set of possible outcomes.