Elisa Is Entering Survey Data from Adult Males in a Research

question 219

Multiple Choice

Elisa is entering survey data from adult males in a research study.One respondent has listed his height as 6 feet 5 inches,but the occupation is hard to decipher.Elisa thinks it might be basketball player or bank president.She decides to enter basketball player as the occupation,because he is so tall.What did Elisa do in this case

• A) demonstrated the conjunction fallacy in making her decision 
• B) demonstrated overextension in making her decision 
• C) probably relied on the representativeness heuristic to make her decision 
• D) probably relied on the availability heuristic to make her decision

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Definitions:

Work in Progress

Inventory that has begun the manufacturing process but is not yet completed.

Merchandise Inventory

The total cost of all the goods a company intends to sell to customers that are available at any given time, reflected as a current asset on the balance sheet.

Raw Materials

Relates to the basic substances in their natural, modified, or semi-processed states used as inputs for manufacturing finished goods.

Physical Possession

The actual holding or occupying of an object, property, or asset by an individual or entity.