A Heuristic Decision Makers Use to Get a Starting Point

question 73

Multiple Choice

A heuristic decision makers use to get a starting point for a decision and adjust beyond that point is

• A) The representativeness heuristic.
• B) The anchoring and adjustment heuristic.
• C) The availability heuristic.
• D) Decision makers use none of the heuristics listed in the answers.

---

Definitions:

Pie Charts

A circular statistical graphic divided into slices to illustrate numerical proportion, with the size of each slice proportional to the quantity it represents.

Bar Charts

A type of graphical display used to represent categorical data with rectangular bars of lengths proportional to the values they represent.

Nominal Data

Data classified into categories that cannot be ordered or ranked.

Proportional Slice

A proportional slice refers to a segment of a whole, such as in a pie chart, where each slice’s size represents its proportion in relation to the total.