Examlex
Which of the following is FALSE?
Ignoring Base Rates
A cognitive bias in which people underutilize or disregard the general prevalence of an event or characteristic within a population when making probabilistic judgments.
Successful Restaurant
A dining establishment that flourishes through effective management, quality food, excellent service, and a satisfied customer base.
Previous Owners
The individuals who owned an item or property before the current holder.
Likelihood of Outcome
The probability or chance that a specific outcome will occur out of a set of possible outcomes.
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