The Representativeness Heuristic Is a Rule Used to Estimate the Likelihood

question 20

True/False

The representativeness heuristic is a rule used to estimate the likelihood of an event based on how well it fits with your expectations of a model for that event.

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Definitions:

Suppliers

Businesses or individuals that provide goods or services to another business, often as part of a supply chain.

Franchise

A license to sell another’s products or to use another’s name in business, or both.