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The Median Can Be Determined for Any Set of Ordinal,interval

question 199

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The median can be determined for any set of ordinal,interval or ratio-level data.


Definitions:

Simulation Heuristic

The tendency to judge the frequency or likelihood of an event by the ease with which you can imagine (or mentally simulate) it.

Representativeness Heuristic

The tendency to judge the frequency or likelihood of an event by the extent to which it resembles the typical case.

Actor/observer Bias

The tendency to attribute one's own actions to external factors while attributing others' actions to their character or disposition.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes but sometimes lead to biased or inaccurate judgments.

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