Tina and Steph Are Both Trying to Decide Whether to Try

question 108

Multiple Choice

Tina and Steph are both trying to decide whether to try a new diet.Tina reads that 30 percent of people lose significant amounts of weight on the diet,whereas Steph reads that 70 percent of people fail to lose significant amounts of weight.What differs between these two pieces of information

• A) framing
• B) conjunction 
• C) base rates
• D) algorithms

---

Definitions:

Fraud

Intentional deception made for personal gain or to damage another individual.

Sarbanes-Oxley

A U.S. federal law enacted to protect investors by improving the accuracy and reliability of corporate disclosures, made in response to financial scandals.

Public Confidence

The level of trust and belief that the general public has in the stability and integrity of a financial market, institution, or economy.

Financial Reporting

The process of producing statements that disclose an organization's financial status to management, investors, and the government.