Which of the Following Is an Example of the Availability

question 43

Multiple Choice

Which of the following is an example of the availability heuristic?

• A) People assume that John is not masculine because he is a nurse.
• B) Sam avoids going into the ocean because he can easily remember two recent shark attacks reported in the media.
• C) People assume that Andrea is not feminine because she likes to box.
• D) None of the examples provided illustrate the availability heuristic.

Apply the exponential and Poisson distributions in real-world contexts.

Distinguish between different types of probability distributions.

Understand the central tendency measures (mean, median, mode) of different distributions.

Identify and calculate the parameters of a given distribution from practical data.

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Definitions:

Monopolistically Competitive

Refers to a market configuration in which multiple companies offer products that are alike but not exactly the same, enabling considerable distinction and a limited amount of influence over the market.

Cost Curves

Graphical representations of how the costs of producing goods or services change with varying levels of output.

Perfectly Competitive

Referring to a market structure where there are many buyers and sellers, all selling homogeneous products, with no barriers to entry or exit, leading to price determination by supply and demand forces alone.

Monopolistically Competitive

A marketplace setup in which various enterprises deal in goods that are alike but not identical, affording them some degree of control in the market.