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Taxi It is a cab service company. Every vehicle used by the company has a wireless passive tracking system installed in it, which monitors the location of the vehicle at any given time. This way, the management is always aware of where a driver is and where he or she is headed. This is an example of _____.
Framing Effect
Describes how the presentation or framing of information can influence individuals' decisions and perceptions.
Confirmation Bias
The habit of looking for, understanding, preferring, and remembering information that validates one's existing views or theories.
Factor Analysis
A statistical procedure that identifies clusters of related items (called factors) on a test; used to identify different dimensions of performance that underlie a person’s total score.
Algorithms
Step-by-step procedures or formulas for solving problems, often employed in the fields of mathematics and computer science.
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